Udaan Acquires Swiggys Lynk Logistics For Rs 500 Crore, Swiggy To Get 3.2% Stake In Company

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    "url": "https://www.freepressjournal.in/amp/business/udaan-acquires-swiggys-lynk-logistics-for-rs-500-crore-swiggy-to-get-32-stake-in-company",
    "title": "Udaan Acquires Swiggys Lynk Logistics For Rs 500 Crore, Swiggy To Get 3.2% Stake In Company - Free Press Journal",
    "excerpt": "New Delhi, Sep 7: B2B platform udaan on Monday announced the acquisition of Lynks Logistics Ltd, a step-down wholly owned subsidiary of Swiggy, for Rs 500 crore in a deal that would see the food delivery and quick commerce major pick a cumulative 3.2 per cent stake in udaan. udaan acquires Lynks Logistics According to a statement, the transaction will be settled through the issuance of preference equity shares to Swiggy in Trustroot Internet (TIPL), which is the parent entity of udaan. As per the deal, Swiggy will acquire nearly 2.8 per cent stake in udaan and make a primary equity investment of Rs 75 crore in TIPL for an additional about 0.4 per cent stake in udaan. In a regulatory filing, Swiggy said its wholly owned subsidiary Swiggy Networks Ltd has entered into an agreement for the sale of its entire shareholding in Lynks Logistics Ltd, a step-down wholly owned subsidiary of the company, to udaan's parent firm Trustroot Internet Pvt Ltd (TIPL) through a share swap. \"We wish to inform that Swiggy Networks Ltd, a wholly owned subsidiary of the company, has entered into a share acquisition agreement and a deed of adherence-cum-second amendment agreement to the amended and restated Series G shareholders' agreement, dated September 7, 2026, for the sale of its entire shareholding in Lynks Logistics Ltd, a step-down wholly owned subsidiary of the company,\" Swiggy said. Share...",
    "summary": "Swiggy is making a primary equity investment of Rs 75 crore in udaan's parent company, Trustroot Internet Pvt Ltd (TIPL), for an additional 0.4% stake in udaan.",
    "location": "India",
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    "image_url": "https://media.assettype.com/freepressjournal/2026-09-07/fda58yvv/ChatGPT-Image-Sep-7-2026-082659-PM.png?rect=0%2C0%2C3900%2C2048&w=1200&auto=format%2Ccompress&ogImage=true",
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    "published_at": "2026-09-07T14:57:28Z",
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    "article_sentence": "As per the deal, Swiggy will acquire nearly 2.8 per cent stake in udaan and make a primary equity investment of Rs 75 crore in TIPL for an additional about 0.4 per cent stake in udaan.",
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    "related_company_name": "udaan",
    "related_company_domain": "udaan.com"
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