JM Financial downgrades Swiggy's target to ₹250 amid declining foreign shareholding and governance challenges for IOCC qualification.

Swiggy Ltd. announced it was now an Indian entity following the reduction in the stake held by foreign investors.

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…

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…