EnterpriseInc42about 2 hours ago
Swiggy Sells Lynk To Udaan For ₹500 Cr, Gains 3.2% Stake
2 min read
Swiggy Networks will transfer Lynk to Udaan's parent Trustroot Internet in a share-swap valuing the business at ₹500 Cr. Swiggy receives preference shares for a 2.8% stake and invests ₹75 Cr for an additional 0.4%, totaling about 3.2%.
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