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Why Swiggy shares fell over 5% today: Foreign ownership cap sparks $460 million passive outflow fears
Swiggy shares fell after the company proposed cutting its foreign ownership limit to 49.5% from 100%, raising concerns over its eligibility for major global indices. The move could lead to Swiggy's exclusion from the MSCI Standard and FTSE indices, triggering an estimated $460 million in passive outflows, according to reports.
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economictimes.indiatimes.com
Swiggy board approves capping foreign ownership at 49.5% - The Economic Times
The cap will allow Swiggy to remain majority Indian-owned, which in turn, will enable it to transition to an inventory-led model. Swiggy's rival Eternal, the parent company of…
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Why Swiggy shares fell over 5% today: Foreign ownership cap sparks $460 million passive outflow fears
Swiggy shares fell after the company proposed cutting its foreign ownership limit to 49.5% from 100%, raising concerns over its eligibility for major global indices. The move…
