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Swiggy picks 3.2% stake in Udaan, sells B2B arm for ₹500 crore

Swiggy will swap its entire holding in Lynk Logistics for shares in Udaan’s parent and separately invest ₹75 crore in the B2B platform, retaining exposure to India’s retail distribution opportunity.

Swiggy picks 3.2% stake in Udaan, sells B2B arm for ₹500 crore
Source: Mint - Companies

Swiggy will swap its entire holding in Lynk Logistics for shares in Udaan’s parent and separately i

nvest ₹75 crore in the B2B platform, retaining exposure to India’s retail distribution opportunity.

SOURCE: Mint - Companies
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DHALLO EDITORIAL STATUS: Aggregated & reviewed
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