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Less than 50% foreign holding in Swiggy now
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 or operating status. The company said on Tuesday that its foreign investment stood at 49.76% of its fully diluted equity capital as of July 6.
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economictimes.indiatimes.com
Swiggy becomes majority Indian-owned as foreign shareholding drops below 50% - The Economic Times
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…
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newsbytesapp.com
Is Swiggy now an Indian-owned and controlled company?
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).
