SWIGGY LIMITED : TRUSTROOT INTERNET PRIVATE LIMITED STEP-DOWN SUBSIDIARY ACQUIRES 100% SERIES R CCPS OF LYNS LOGISTICS LIMITED

• Swiggy Networks Limited, a wholly owned subsidiary, has entered into a Share Acquisition Agreement (SAA) and Deed of Adherence to sell its entire shareholding in Lynks Logistics Limited, a step-down wholly owned subsidiary. • Lynks Logistics Limited reported nil revenue for FY26 with a negative net worth of ₹11 lakh as at March 31, 2026. • The B2B authorized distribution business to be transferred to Lynks is currently operated by Swiggy Networks Limited (SNL), which contributed ₹668 crore revenue (2.90% of consolidated) in FY26. • The transaction is a share swap; SNL will transfer 100% of Lynks Logistics to Trustroot Internet Private Limited (TIPL). • As consideration, TIPL will issue 166,534 Series R CCPS to SNL at an issue price of USD 314.40 per CCPS. • The agreement was entered on September 07, 2026, with completion expected on October 22, 2026.

Swiggy Limited

Open attachment

← Back to feed