Swiggy foreign ownership dips to 49.76%, nears Indian-owned status to unlock Instamart inventory model
Foreign investment in Swiggy fell below the 50% mark to 49.76%, moving it closer to qualifying as an Indian owned and controlled company (IOCC). The shift would let Instamart hold inventory directly, mirroring Eternal's Blinkit playbook and improving margins. Shares jumped 7.21% to Rs 266.27.
Foreign investment in Swiggy fell below 50% to 49.76%, a step toward qualifying as an Indian owned and controlled company (IOCC), which would let Instamart own inventory directly and improve margins. Shares rose 7.21%.
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