24 Sep 2025 | 5 Mins Read
Swiggy shares drop despite positive Rapido and Instamart plans
Flipitmoney
Swiggy shares fell nearly one percent after selling its 12% stake in Rapido and restructuring its quick commerce arm Instamart for roughly Rs 2,400 crore. This move raises cash balances and allows Instamart to own inventory once Swiggy becomes an Indian Owned and Controlled Company. Swiggy's shares were quoting Rs 444.2, down 1.1 percent on the NSE.