Swiggy turns majority Indian-owned as foreign holding slips to 49.76%
Foreign shareholding in Swiggy dropped below 50% to 49.76% as of July 6, reopening the path to Indian-owned status. The shift could let quick commerce arm Instamart hold inventory directly, improving margins.
Foreign shareholding in Swiggy fell to 49.76% as of July 6, dropping below 50%. This organic shift may reopen the path to Indian-owned status, enabling quick commerce arm Instamart to hold inventory directly and improve margins.