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Swiggy's foreign shareholding falls below 50%: What it means for investors
Swiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursue Indian-Owned-and-Controlled Company status under FEMA rules. However, full qualification is not expected until March 2027, after governance changes. Reducing foreign ownership further may impact index weightage for Swiggy. JM Financial maintains a 'Reduce' rating with an unchanged target price.
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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).
