Swiggy Sells Stake in Lynks Logistics to Trustroot Internet
Swiggy Ltd, through its wholly owned subsidiary Swiggy Networks Limited, has entered into an agreement to sell its entire shareholding in Lynks Logistics Limited, a step-down wholly owned subsidiary. The transaction, expected to complete by October 22, 2026, involves a share swap where Swiggy Networks will receive Series R Compulsorily Convertible Preference Shares from Trustroot Internet Private Limited (TIPL). Lynks Logistics reported nil revenue and a negative net worth of ₹11 lakh for FY26. The business proposed to be transferred to Lynks, currently operated by Swiggy Networks, contributed ₹668 crore in revenue (2.90% of consolidated) and ₹500 crore in net assets (2.73% of consolidated) for FY26.
Key Highlights
- Swiggy divests its entire stake in step-down subsidiary Lynks Logistics.
- Transaction involves a share swap with Trustroot Internet Private Limited.
- Lynks Logistics had nil standalone revenue and negative net worth in FY26.
- The divested business contributed 2.90% of Swiggy's consolidated revenue.
- Deal expected to close by October 22, 2026, subject to conditions.
Price Impact
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