TechInc42about 2 hours ago
Swiggy Jump 5.5% After Foreign Holding Falls Below 50%
2 min read
Swiggy shares surged 5.5% after foreign investment fell to 49.76%, below the 50% mark. The drop could help Swiggy pursue Indian-owned and controlled company (IOCC) status, allowing Instamart to own inventory directly. However, a shareholder vote on IOCC failed in May, and the company still needs approval to cap foreign shareholding.
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