In a significant corporate restructuring, Swiggy has moved to hive off its quick-commerce arm, Instamart, into a new step-down wholly owned subsidiary. According to regulatory filings made on September 23, 2025, the transfer will be executed via a slump sale at book value, and is expected to conclude after Q3 FY26 once requisite approvals are secured.
What the Deal Entails
Under the proposed transaction, all assets, liabilities, employees, permits, intellectual property, contracts, and operational infrastructure tied to Instamart will be transferred to a newly incorporated entity — Swiggy Instamart Private Limited, configured as an indirect step-down subsidiary. The deal is structured as
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