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No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha Majety - The Economic Times
The resolution sought to amend Swiggy’s articles of association as part of a broader push to become an Indian Owned and Controlled Company (IOCC). It failed to secure the required 75% supermajority from shareholders, falling short by a slim margin at the meeting on May 21. Becoming an IOCC will allow Swiggy to operate its quick commerce business on an inventory model. Currently, in accordance with the foreign investment rules, it runs as a marketplace of sellers.
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economictimes.indiatimes.com
Swiggy says failed shareholder resolution aimed at governance, not founder control - The Economic Times
In an exchange filing, the company said the proposed amendments were designed to create a governance structure suited to a company without an identifiable promoter group, while…
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thehindubusinessline.com
Swiggy says proposed Board changes aimed at long-term value, IOCC status
Swiggy defends proposed Board changes for long-term value amid investor scrutiny and aims for Indian Owned and Controlled Company status.
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No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha Majety - The Economic Times
The resolution sought to amend Swiggy’s articles of association as part of a broader push to become an Indian Owned and Controlled Company (IOCC). It failed to secure the required…
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Swiggy CEO on failed shareholder vote; Indian firms brace for Mythos
Happy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in today's ETtech Morning Dispatch.
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ETtech Interview | Quick commerce industry unlikely to sustain as many players as today: Swiggy's Sriharsha Majety - The Economic Times
Swiggy CEO Sriharsha Majety believes the quick commerce market is overpopulated and prioritises long-term economics over market share battles. He addressed recent shareholder…
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Swiggy CEO on quick commerce space; India’s data centre surge
Swiggy group CEO Sriharsha Majety explains the outlook for the quick commerce industry, the shareholder vote hurdle and more, in todays ETtech Top 5.