Swiggy moves toward Indian-owned status following foreign stake limit approval
Swiggy has secured shareholder backing to limit its total foreign investment to 49.5%, a step intended to help the firm achieve the status of an Indian-Owned and Controlled Company (IOCC). A previous attempt at this proposal was turned down in May. In the latest vote, more than 99.99% of shareholders supported the measure. As of July 6, the company's total foreign stake was recorded at roughly 49.76%.
by shortkt.com✓