{"id":964260,"date":"2025-09-25T10:08:13","date_gmt":"2025-09-25T04:38:13","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=964260"},"modified":"2025-09-25T11:06:32","modified_gmt":"2025-09-25T05:36:32","slug":"swiggy-to-sell-rapido-stake-for-rs-2400-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/09\/25\/swiggy-to-sell-rapido-stake-for-rs-2400-crore\/","title":{"rendered":"Swiggy to sell Rapido stake for Rs 2,400 crore"},"content":{"rendered":"<p>Food and grocery delivery major Swiggy will sell its entire 12% stake in ride-hailing platform Rapido through two separate transactions with Westbridge Capital and the Netherlands-based Prosus, totalling Rs 2,399.49 crore, according to a regulatory filing on Tuesday. <\/p>\n<p>Swiggy to divest shares to Prosus and Westbridge Capital <\/p>\n<p>Both Prosus and Westbridge Capital are existing investors in the ride-hailing startup. Swiggy will divest 10 equity shares and 163,990 Series D compulsorily convertible preference shares (CCPS)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Food and grocery delivery major Swiggy will sell its entire 12% stake in ride-hailing platform Rapido through two separate transactions with Westbridge Capital and the Netherlands-based Prosus, totalling Rs 2,399.49 crore, according to a regulatory filing on Tuesday. Swiggy to divest shares to Prosus and Westbridge Capital Both Prosus and Westbridge Capital are existing investors in the ride-hailing startup. Swiggy will divest 10 equity shares and 163,990 Series D compulsorily convertible preference shares (CCPS)<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-964260","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/964260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=964260"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/964260\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=964260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=964260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=964260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}