Swiggy’s Board of Directors has approved the sale of its stake in Roppen Transportation Services Private Limited (Rapido) to MIH Investments One B.V. The transaction involves 10 equity shares and 1,63,990 Series D Compulsorily Convertible Preference Shares (CCPS). This strategic move aims to optimize Swiggy’s investment portfolio, with the deal expected to close following customary regulatory approvals.
Rapido Stake Divestment
Swiggy’s Board has approved the sale of its investment in Rapido to MIH Investments One B.V., a Netherlands-based company. The decision, made during a board meeting held on September 23, 2025, involves the transfer of 10 equity shares and 1,63,990 Series D CCPS held by Swiggy in Roppen Transportation Services Private Limited (Rapido).
Transaction Details
The total consideration for the sale is INR 1968,00,00,000 (Indian Rupees One Thousand Nine Hundred Sixty-Eight Crore only). The finalization of this transaction is contingent upon standard closing conditions, including necessary regulatory approvals. The consummation of the sale is conditional on completion of conditions customary for a transaction of this nature including receipt of the approval of Competition Commission of India and approval from the shareholders of the Company under Section 188 of the Companies Act, 2013 and Regulation 23 of the Listing Regulations.
Strategic Rationale
This divestment is a strategic decision by Swiggy to optimize its investment portfolio and realize the value of its investments in Rapido. The Company’s Board believes this transaction will benefit the company and its shareholders.
Source: BSE
