Swiggy moves to cap foreign ownership at 49.5% to unlock Instamart inventory ownership
Subject to shareholder approval at its August 18 AGM, Swiggy plans to amend its articles to qualify as Indian-owned and controlled—potentially allowing Instamart to directly own and sell inventory, strengthening margin control and supply-chain integration.
Swiggy’s board approved a 49.5% foreign ownership cap and AoA changes to pursue Indian-owned-and-controlled status, enabling direct inventory ownership and sales through Instamart to improve margins and supply-chain control.
Why this matters
The proposal follows Swiggy's recent signals on capping foreign ownership to enable Instamart's inventory-led shift; UBS retained a Buy call as shares fell.
retail-company is accelerating, up 1,077,000% QoQ.