Swiggy Share Price in Focus; To Sell its Entire Stake in Lynks Logistics to Trustroot Internet

Swiggy Networks Limited, a wholly owned subsidiary of Swiggy Limited, has entered into agreements to sell its entire shareholding in Lynks Logistics Limited to Trustroot Internet Private Limited (TIPL), as per an exchange filing dated September 7, 2026.  

The agreements were signed under a Share Acquisition Agreement and a Deed of Adherence-cum-Second Amendment Agreement.  

Lynks to Exit Swiggy’s Subsidiary Structure 

Lynks Logistics is currently a step-down wholly owned subsidiary of Swiggy. Once the transaction is completed, Lynks will no longer be a wholly owned subsidiary of Swiggy Networks and will consequently cease to be a step-down wholly owned subsidiary of Swiggy Limited.  

The expected completion date is October 22, 2026, subject to the conditions set out in the transaction documents.  

B2B Distribution Business to Move to Lynks 

The B2B authorised distribution business currently operated by Swiggy Networks will first be transferred to Lynks Logistics under a Business Transfer Agreement.  

The business generated revenue of ₹668 crore in the financial year ended March 31, 2026, accounting for 2.90% of Swiggy’s consolidated revenue. Its net assets stood at ₹500 crore, or 2.73% of the company’s consolidated net worth.  

Lynks itself reported nil revenue on a standalone basis for the same financial year and had a negative net worth of ₹11 lakh as of March 31, 2026.  

Share Swap with Trustroot Internet 

The transaction will be completed through a share swap. Swiggy Networks will transfer 100% of Lynks’ issued and outstanding share capital to TIPL.  

In return, TIPL will issue and allot 166,534 Series R Compulsorily Convertible Preference Shares to Swiggy Networks at an issue price of $314.40 per share.  

Trustroot Internet Private Limited Details 

Trustroot Internet Private Limited is based at 80 Raffles Place, UOB Plaza, Singapore. TIPL and its affiliates are engaged in cash and carry wholesale trading.  

The company is not part of Swiggy’s promoter, promoter group or group companies, and the transaction does not fall under related party transactions.  

Read More: HFCL Share Price Gains Over 266% YTD: Here's Why? 

Swiggy Share Price Performance 

As of September 8, 2026, 12:44 pm, Swiggy share price was trading at ₹277.50, a 0.38% increase from the previous closing price. 

Conclusion 

The proposed transaction will transfer Swiggy’s entire stake in Lynks Logistics to Trustroot Internet through a share swap. Completion is expected by October 22, 2026, subject to the stated conditions. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.