zomato-swiggy
– Photo: x.com/@zomato
Expansion
After the listing of Swiggy in the stock market, Zomato has welcomed it. Zomato wrote on X with a red heart emoji, “You and I… In this beautiful world.” The company also shared a meme with it. Delivery agents are shown, one wearing Zomato uniform and the other in Swiggy uniform, two looking at the Bombay Stock Exchange, with “Now Listed: Swiggy” written on the building's LED display. Deepinder Goyal also congratulated Swiggy on its successful listing.
it's giving jai and veeru 😊😊
— Swiggy Food (@Swiggy) November 13, 2024
Commenting on the post, Swiggy replied from its official X handle and wrote, “This is giving off Jai and Veeru vibes.”
Users gave interesting reaction on social media?
X users were amused by this meme and posted different comments to show their reactions. One person posted, “Hahaha… brotherhood. Why don't you merge both the companies? It would be a great merger with pricing power. Then no one will be able to enter this sector.”
Another wrote, “I like this brotherhood.” A third also responded, writing, “Wow, peace for the day!” A fourth wrote, “This is a great gesture, which shows how competition should be viewed. Thanks, congratulations to Zomato and Swiggy for 7% returns on their IPO listing.”
According to stock market data, Swiggy's share price opened at ₹420 per share on the NSE, 7.69% higher than the issue price of ₹390. The share price opened at ₹412 per share on BSE. The company's IPO allotment was completed on November 11. Those allotted shares received the shares in their demat accounts on November 12.
