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ETtech Explainer: Has Swiggy become Indian-owned after a drop in foreign ownership? - The Economic Times
The IOCC status will allow Swiggy’s quick commerce arm Instamart to own inventory, thereby improving margins and supply chain control. However, while the foreign shareholding in the company has dropped to less than half, Swiggy has not yet achieved IOCC status.
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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).
