Did Swiggy lose rs 1065 crore?
No, Sysco did not buy Restaurant Depot in a $29 billion deal. The confusion likely stems from Sysco's attempted acquisition of US Foods in 2013, which was an approximately $3.5 billion deal that was ultimately blocked by regulators in 2015 due to antitrust concerns regarding market competition. Restaurant Depot remains a separate, privately held entity owned by Jetro Cash & Carry. There has been no multi-billion dollar agreement between Sysco and Restaurant Depot, and such a large-scale transaction as $29 billion would be unprecedented in the context of food distribution mergers, which have historically been subject to intense federal antitrust scrutiny.
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