Swiggy Limited has informed the Exchange about the Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations), 2015
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Swiggy's board, on September 23, 2025, approved the transfer of its Instamart quick commerce business to Swiggy Instamart Private Limited, an indirect step-down wholly-owned subsidiary, as a going concern via a slump sale. The deal is subject to shareholder approval. Instamart contributed INR 21,295.84 million (24.21%) to Swiggy's standalone revenue in FY25 but had a negative net worth of INR (2,976.66) million as on March 31, 2025. Consideration will be a lump sum cash amount based on the book value of assets and liabilities as on the effective date, which is expected to fall after Q3 FY 2025-26. Since the buyer is a wholly-owned subsidiary, it qualifies as a related party transaction but is being done at arm's length.
This is an internal restructuring rather than a divestment to an outside party, so there is no change in Swiggy's ultimate ownership or shareholding pattern. Shareholders may see this as a move to create a focused entity for Instamart's growth, potentially paving the way for separate fundraising, strategic partnerships, or a future listing of the quick commerce arm, though no immediate cash inflow is expected beyond book-value recovery.