Swiggy crosses into majority Indian ownership as foreign holding drops to 49.76%
With 72.36% shareholder approval, Swiggy advances its bid for IOCC status to convert Instamart into an inventory-led model, targeting better margins, pricing control and revenue recognition. Shares rose 7.17% to Rs 266.19 despite a Rs 858 crore adjusted Ebitda loss in Q4 FY26 as quick-commerce competition intensifies.
Swiggy became majority Indian-owned as foreign holding fell to 49.76%, advancing its bid for IOCC status to convert Instamart into an inventory-led model, improving margins, pricing control and revenue recognition amid intense quick-commerce competition.