FinanceInc42about 2 hours ago
Swiggy Caps Foreign Ownership At 49.5%
3 min read
Swiggy's board approved capping foreign ownership at 49.5% to qualify as an Indian-owned and controlled company under FEMA. The move requires shareholder approval and would enable Instamart to shift to an inventory-led model, improving margins and supply chain control against Blinkit.
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