The September 23 Board Meeting Approved Selling Selling 10 Equity Shares and 163,990 Preference Shares in Rapido to Mih Investments One BV (₹ 1,968 Crore) and 35,958 Preference Shares Shares Shares to West to West to West to West to West Crore) | Photo Credit: Reuters/Francis Mascarenhas
Swiggy Shares Fell 1.78 per cent to ₹ 441.20 on Wednsday afternoon trading, despite the company announcing significant asset monetisation and corporate restructuring moves Worth Over ₹ 2,400 Cross. The stock operated Higher at ₹ 458.20 but declined through the session with Heavy Selling Pressure, as Sell Quantities Outweighed Buy Quantities by Four Times.
Analysts remain divided on the implications of monday’s board decisions. Morgan Stanley Maintened an overweight rating with a ₹ 450 target, Viewing the ₹ 1,968 Crore Rapido Stake Sale as Balance Sheet Strengthaning That Aligns with Management with Aligns. Nomura Expressed Greater Optimism with a Buy Rating and ₹ 550 Target, Believing The Instamart Restructuring Positions The Quick Commerce Unit for Inventory Onsep Shareholding.
However, Macquarie Struck a cautious note with an underperform rating and ₹ 285 Target. While Acknowledging The Rapido Sale Boosts Net Cash to Over $ 850 Million, The Brokerage Warned That The Instamart Slump Sale Sale Sail SELE SILE SILE SILE SILE SELE SALE SILE SALE SELE SILE SALE SILE SILE SILE SILE SILE SILE SILE SELE SILENALS $ 400-450 Million.
The September 23 Board Meeting Approved Selling Selling 10 Equity Shares and 163,990 Preference Shares in Rapido to Mih Investments One BV (₹ 1,968 Crore) and 35,958 Preference Shares Shares Shares to West to West to West to West to West Crore). The Mih Transaction Involves a Related Party as Prosus Group Entity Mih India Food Holdings Holds 23.31 per cent in swiggy and has two nominee directors on the board.
The Instamart Transfer Involves Moving The Quick Commerce Business, Which Contributed 24.21 per cent of standalone revionue in fy25, to step-down subsidiry Swiggy Private Limited. The slump sale, subject to shareholder approval, is expected after Q3 fy26 and will be based on book value of assets. Both transactions requires Competition Commission Approval.
Published on September 24, 2025