Swiggy proposes 49.5% foreign ownership cap; shares fall as UBS keeps Buy call
Swiggy’s board has approved a proposed 49.5% aggregate foreign-ownership cap, subject to shareholder approval. Shares fell as much as 5.58%, while UBS said the move could support inventory-ownership compliance and lift Instamart EBITDA margins by 50–70 basis points over time.
Swiggy shares fell after its board approved a proposed 49.5% foreign-ownership cap. UBS retained a Buy rating, saying the cap could aid inventory-ownership compliance and improve Instamart EBITDA margins by 50-70 basis points over time.
Why this matters
The proposal follows recent Swiggy signals framing a 49.5% foreign-ownership cap as a route to Indian-owned status and inventory-led control at Instamart.
retail-company is accelerating (+1071200% QoQ).