Swiggy jumps 6% as domestic ownership crosses 50%, nears Indian-owned status
Swiggy shares rose 6% to ₹264 after domestic ownership hit 50.24% versus 49.76% foreign, pushing the food and grocery delivery platform toward Indian Owned and Controlled Company status. The move follows an earlier failed AoA amendment vote that drew 72.36% approval against a 75% threshold. Stock trades between a 52-week high of ₹473 and low of ₹235.85.
Swiggy shares rose 6% after the food and grocery delivery platform said domestic ownership crossed 50%, moving it toward Indian Owned and Controlled Company status, despite failing an earlier AoA amendment vote.