Swiggy Caps Foreign Ownership At 49.5% To Become Indian-Owned, Controlled Company
In continuation to its attempt at becoming an Indian owned and controlled company (IOCC) Swiggy’s board has approved a proposal of capping its aggregate foreign ownership at 49.5%. The company would now be seeking shareholder approval for the move.
Worth a read for people-focused operators. Published by Inc42 — context above is the source's own framing.
In continuation to its attempt at becoming an Indian owned and controlled company (IOCC) Swiggy’s board has approved a proposal of capping its aggregate foreign ownership at 49.5%. The company would now be seeking shareholder approval for the move.
This article lives at Inc42. We linked it because we found it valuable for F&B operators.
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Curated industry coverage by the Restronomics editorial team. Each article is selected from approved F&B publications and includes a Restronomics editor take.
Swiggy’s subsidiary, Swiggy Networks Ltd, has entered a share acquisition agreement with B2B ecommerce unicorn Udaan to acquire Swiggy-owned retail distribution platform LYNK in a share-swap transaction valuing the business at ₹500 Cr.
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