Swiggy to sell preference shares held in Rapido for Rs 431.5 cr to WestbridgeLast Updated: September 23, 2025, 20:30 ISTRepresentational image (Image: News18)New Delhi, Sep 23 (PTI) On-demand convenience firm Swiggy Ltd on Tuesday said it will divest nearly 36,000 compulsorily convertible preference shares held by it in bike taxi aggregator Rapido to Westbridge for nearly Rs 431.5 crore. Recommended StoriesA share purchase agreement (SPA) will be executed by Swiggy Ltd with Setu AIF Trust and/or its affiliates (Westbridge), it added. top videos View all Swipe Left For Next Video View allThe company will divest 35,958 CCPS held by it in Rapido to Westbridge for a consideration of nearly Rs 431.5 crore on the terms and conditions specified in the SPA, it added. On the purpose of entering into the SPA, Swiggy said, “As a strategic decision, the transaction will help to realise the investments of the company, for the benefit of the company and its shareholders." PTI RKL SHWFirst Published: September 23, 2025, 20:30 ISTNews agency-feeds Swiggy to sell preference shares held in Rapido for Rs 431.5 cr to WestbridgeDisclaimer: Comments reflect users’ views, not News18’s.