Invesco's Developing markets fund has recently disclosed its valuation of its 28,844 shares in Swiggy, a leading Indian food delivery company. As of the end of July 2024, the fund values its shares in Swiggy at a staggering $237.24 million, representing a significant markup from the $190.47 million it paid for the shares. This valuation is based on the fund's assessment of Swiggy's value, which is higher than the company's previous valuation of $10.7 billion in 2022.
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