Swiggy becomes majority Indian-owned as foreign shareholding drops below 50%

Short summary

Swiggy achieves majority Indian ownership as foreign shareholding drops below 50%, enabling Instamart to directly own inventory and improve supply-chain margins. The company failed to pass an IOCC classification in May; this shift grants that strategic advantage.

• •Foreign shareholding now below 50%; Swiggy becomes majority Indian-owned
• •Instamart gains direct inventory ownership, improving margins and supply control
• •Achieves IOCC status benefits previously blocked in May shareholder vote

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