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E-commerce

Swiggy achieves IOCC status after shareholders cap foreign ownership at 49.5%

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Swiggy achieves IOCC status after shareholders cap foreign ownership at 49.5%

Swiggy shareholders voted to cap aggregate foreign ownership at 49.5% and the company is now Indian-owned and controlled (IOCC), signaling strategic ownership reset. For operators: regulatory and investor sentiment is tilting toward Indian ownership—plan capital rounds with this constraint visible.

Source: Inc42 ↗

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