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ET Graphics: Domestic investors overtake foreign funds at Swiggy in a show of home advantage
Domestic investors now hold majority stakes in Swiggy, reducing foreign holdings. Several foreign institutional investors have significantly reduced their stakes in the hyperlocal platform. Meanwhile, domestic institutional investors have increased their holdings in Swiggy. This shift moves Swiggy closer to Indian-owned and controlled company status. The company will restructure its board to achieve this new designation.
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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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economictimes.indiatimes.com
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…
