Corporate Moves: Swiggy Divests Rapido Stake, Apollo Hospitals Restructures

Swiggy's board has approved the sale of its entire stake in bike taxi aggregator Rapido to Netherlands-based MIH Investments One BV for ₹2,400 crore ($288 million). The food delivery giant had flagged potential conflicts as Rapido eyes the food delivery sector. This divestment allows Swiggy to streamline its investment portfolio amid intensifying competition.

In healthcare, Apollo Hospitals Enterprise secured CCI approval for restructuring its pharmacy and digital health units—Apollo Healthco, Keimed, and Apollo Healthtech. The MOVE follows June's announcement to separately list these omnichannel businesses within 18-21 months, a strategic play to unlock shareholder value. The restructuring underscores Apollo's pivot toward integrated digital healthcare solutions.