Swiggy Arm to Sell Entire Stake in Lynks Logistics via Share Swap

Swiggy's subsidiary SNL will transfer its full stake in Lynks Logistics to TIPL through a share swap deal. As consideration, TIPL will issue and allot 166,534 Series R Compulsorily Convertible Preference Shares (CCPS) to SNL. The transaction allows Swiggy to exit its Lynks Logistics holding while receiving convertible preference shares. This restructuring move reflects Swiggy's strategy to consolidate its core business operations.