Swiggy shares in focus after Rs 2,399 crore stake sale in Rapido, Instamart slump sale
Shares of online food delivery platform Swiggy will be in focus on Wednesday after its Board of Directors approved three major transactions on September 23. These include the divestment of its stake in bike taxi aggregator Rapido through two separate deals worth a combined Rs 2,399 crore, and the slump sale of its quick commerce business, Instamart, to its wholly owned subsidiary.
