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An update from Swiggy Limited ( (IN:SWIGGY) ) is now available.
Swiggy Limited has announced the approval of a Share Purchase Agreement to sell its holdings in Roppen Transportation Services Private Limited (Rapido) to MIH Investments One B.V., a Netherlands-based company. This strategic divestment, valued at INR 1968 crore, aims to realize Swiggy’s investments for the benefit of the company and its shareholders. The transaction is subject to customary conditions, including approvals from the Competition Commission of India and Swiggy’s shareholders, and involves representations, warranties, and indemnification obligations typical of such agreements.
More about Swiggy Limited
Swiggy Limited, formerly known as Swiggy Private Limited and Bundl Technologies Private Limited, operates in the food delivery and logistics industry. It is primarily known for its online food ordering and delivery services, catering to a wide market across India.
Average Trading Volume: 744,257
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1120.5B INR
See more insights into SWIGGY stock on TipRanks’ Stock Analysis page.