New Delhi, Sept. 23 -- Swiggy has fully divested its Rs.2,400 crore stake in Rapido, selling shares to Dutch investment firm Prosus NV and WestBridge Capital.

Of the total transaction, Prosus's subsidiary MIH Investments One B.V. acquired shares worth Rs.1,968 crore, while WestBridge Capital picked up the remaining Rs.431.5 crore portion, showed exchange filings on Tuesday evening.

The deal was executed on an arm's length basis and awaits customary approvals, including from the Competition Commission of India (CCI) and Swiggy's shareholders.

Mint was the first to report on this development, which marks Swiggy's complete exit from the mobility startup after more than three years as an investor.

Swiggy had first invested $180 million (a...