24 Sep 2025 | 5 Mins Read
Swiggy shares climb on stake sale deal with Rapido
Flipitmoney
Swiggy's board approved the sale of its 35,958 compulsorily convertible preference shares in Rapido to Setu AIF Trust, and an agreement with MIH Investments to sell a stake in Rapido for ₹1,968 crore. Swiggy will also divest its quick-commerce business Instamart via a slump sale. The company reported ₹2,278 crore net losses in the last quarter, widening losses for five-straight quarters.