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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).
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Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?
Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no…
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yourstory.com
Foreign ownership in Swiggy goes below 50%
This change in ownership resulting as Indian owned and controlled company (IOCC) will enable Swiggy to own inventory directly for Instamart, its quick commerce business.
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Swiggy’s Indian control push; Cultfit’s big IPO swing
Swiggy has inched closer to qualifying as an Indian-owned and controlled company. This and more in today's ETtech Top 5.
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thehindubusinessline.com
Swiggy becomes majority Indian-owned as domestic shareholding crosses 50%
Swiggy achieves majority Indian ownership, crossing 50% domestic shareholding, pivotal for its transition to Indian Owned and Controlled Company status.
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timesofindia.indiatimes.com
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…
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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…