Swiggy turns majority Indian-owned as domestic holding crosses 50%
Domestic ownership reached 50.24% against 49.76% foreign, backed by 72.36% shareholder support. But Swiggy still falls short of IOCC status needed for Instamart to hold inventory directly and sharpen quick-commerce unit economics amid an ₹800 crore Q4 net loss.
Swiggy became a majority Indian-owned company as domestic ownership crossed 50%, though it falls short of IOCC status needed for Instamart to hold inventory directly and improve quick-commerce unit economics.
Why this matters
Reinforces recent signals of Swiggy crossing 50% domestic ownership and nearing Indian-owned status, with the stock jumping 6% on the news. The IOCC gap remains key for Instamart's inventory model.
Retail-company signals are accelerating, up 624100% QoQ.