Swiggy exits Rapido over conflict of interest, rakes in ₹ 2 ,400 crore
Food tech firm Swiggy has divested its entire 11.8% holding in Rapido, selling shares to Dutch investment firm Prosus NV and WestBridge Capital. Of the total transaction valued at ₹2,400 crore, Prosus’s subsidiary MIH Investments One B.V. acquired shares worth ₹1,968 crore, while WestBridge Capital picked up the remaining ₹431.5 crore portion, as shown in exchange filings on Tuesday evening.
