Swiggy turns majority Indian-owned as domestic shareholding crosses 50%
Domestic ownership hit 50.24% versus 49.76% foreign, backed by 72.36% shareholder support, moving Swiggy toward IOCC status. That could unlock inventory-led quick commerce like rival Blinkit, though further regulatory approvals remain pending as of July 6.
Swiggy became majority Indian-owned as domestic shareholding crossed 50%, a step toward IOCC status that would enable inventory-led quick commerce models like rival Blinkit, though further regulatory approvals remain pending.