Exploring Cryptocurrency Impacts on Swiggy's IPO and Betting App Fiewin
Thursday, 26 September 2024, 06:20
Swiggy's Unanticipated Growth in the Unlisted Market
Swiggy shares have skyrocketed by nearly 40% in the unlisted market, rising from Rs 355 in July to Rs 490.
- Market Value Rise: Increased from Rs 70,000 crore to Rs 1.16 lakh crore.
- Demand Surge: Driven by operational revenue growth of 36% to Rs 11,247 crore.
Enforcement Directorate Targets Fiewin Betting App
The Enforcement Directorate (ED) has attached assets linked to the cryptocurrency giant Binance in its crackdown on the Fiewin betting app.
- Asset Attachment: Rs 25.78 crore in assets have been provisionally attached.
- Legal Proceedings: The app, linked to Chinese nationals, is under investigation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.