Swiggy Ltd to Sell 35,958 Series D CCPS in Rapido to Setu AIF Trust for INR 431,49,60,000

Swiggy Ltd has approved the sale of 35,958 Series D Compulsorily Convertible Preference Shares (CCPS) held in Roppen Transportation Services Private Limited (Rapido) to Setu AIF Trust, a fund registered under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. The transaction is worth INR 431,49,60,000 and is subject to customary conditions and completion of the Share Purchase Agreement (SPA). This decision is a strategic move to realize the investments of the Company for the benefit of the Company and its shareholders.