1. Core Transaction Details
- Business Parties Involved Swiggy (seller), Rapido (investment), Prosus NV and WestBridge Capital (buyers).
- Deal Structure: Swiggy has exited all its 11.8 percent stake in bike-taxi aggregator Rapido.
- Value of the whole deal: 2,400 crore (or around 288 million).
- Buyer Breakdown:
- Prosus NV: Purchased shares at 1,968 crore.
- WestBridge Capital: Purchased shares worth 431.5 crore.
- Approvals in Pending: The deal is liable to Competition Commission of India (CCI) approval as well as shareholder approval of Swiggy.
Month: Current Affairs - October 09, 2025
Category: ACQUISITIONS AND MERGERS