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Shareholders Approve Foreign Ownership Cap to Shift Swiggy to Indian Control

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Sig3.35Sen+2.20Env0.00Soc0.00Gov+2.80

Swiggy shareholders approved a proposal to cap aggregate foreign ownership at 49.5%, pushing the company toward an Indian-owned and controlled company structure under India’s FEMA rules. With about 49.76% foreign investment as of July 6, IOCC status could let Swiggy hold more inventory, tighten product quality and pricing, improve procurement economics, and expand private-label offerings.

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