Swiggy completes sale of Lynks Logistics stake to Trustroot Internet

Swiggy Limited completed the sale of its entire shareholding in Lynks Logistics Limited to Trustroot Internet Private Limited on October 15, 2026, the company said in a regulatory filing published on October 16.

The transaction was carried out through Swiggy Networks Limited, which operates as a material wholly owned subsidiary of Swiggy Limited. The transaction officially concluded at the close of business on October 15, 2026.

Following the final execution of the agreement, Lynks Logistics Limited ceased to be a direct subsidiary of Swiggy Networks Limited. As a consequence of this change in corporate status, Lynks Logistics also ceased to operate as a step-down subsidiary of Swiggy Limited.

Transaction structure and strategy

The complete divestment of the logistics unit was undertaken in accordance with Swiggy's broader operational priorities. The transaction aligns with Swiggy's approach to capital allocation and its concentration on core platform services, according to company reports.

Through this share transfer, Swiggy Networks Limited formally relinquished all equity holdings held in Lynks Logistics Limited. Trustroot Internet Private Limited took over the entire equity interest previously held within Swiggy's subsidiary structure.

The regulatory filing issued on October 16 served as the formal confirmation that all conditions associated with the equity transfer had been fulfilled by both participating entities by the October 15 cutoff date.

Timeline of the sale

The final sale follows an earlier disclosure provided by Swiggy Limited on September 7, 2026. In that initial September intimation, Swiggy communicated its intention to execute the sale of the shareholding in Lynks Logistics Limited.

The gap between the initial September 7 communication and the October 15 closing marks the period during which the final terms of the divestment were finalized and executed between Swiggy Networks Limited and Trustroot Internet Private Limited.

The formal announcement of the completion was reported by The Economic Times following the submission of the regulatory document by Swiggy Limited on Friday, October 16, 2026.