Swiggy's foreign shareholding has dropped below 50%, marking a significant milestone that aligns with its strategic goal of becoming an Indian-owned and controlled company (IOCC).

The shift is significant for the food delivery and quick commerce major. In May, its shareholders had failed to pass a resolution to classify it as an Indian-owned and controlled…

Swiggy's foreign shareholding has dropped below 50%, marking a significant milestone that aligns with its strategic goal of becoming an Indian-owned and controlled company (IOCC).

Swiggy has inched closer to qualifying as an Indian-owned and controlled company. This and more in today's ETtech Top 5.

Swiggy achieves majority Indian ownership, crossing 50% domestic shareholding, pivotal for its transition to Indian Owned and Controlled Company status.

Bengaluru: Swiggy has again signalled that it wants to become an Indian-owned and controlled company, even as its latest disclosure stops short of marking any change in its legal…