Swiggy proposes 49.5% foreign-ownership cap to unlock Instamart inventory model
Swiggy will seek shareholder approval at its August 18 AGM to cap aggregate foreign ownership at 49.5%, from 100%. The restructuring could enable direct inventory ownership for Instamart under FDI rules, strengthening its quick-commerce operating model.
Swiggy plans to reduce foreign ownership to 49.5%, potentially allowing direct Instamart inventory ownership under FDI rules. Meesho reported narrowing losses alongside 48% revenue growth, while IndiGo posted a quarterly loss despite 20% revenue growth.
Why this matters
The proposal extends recent Swiggy signals on capping foreign ownership at 49.5% to unlock Instamart inventory ownership, showing a sustained effort to reshape its quick-commerce structure.
Retail-company is accelerating, up +1,079,700% QoQ.