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SWIGGY TRANSITION TO IOCC
ETtech Explainer: Has Swiggy become Indian-owned after a drop in foreign ownership?The IOCC status will allow Swiggy’s quick commerce arm Instamart to own inventory, thereby improving margins and supply chain control. Howe...- Swiggy's foreign shareholding falls below 50%: What it means for investorsSwiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursu...
- No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha MajetySwiggy shareholder resolution revote: The resolution sought to amend Swiggy’s articles of association as part of a broader push to become a...
- Swiggy fails to clear shareholder hurdle in bid to recast itself as Indian-owned companyIn an exchange filing on Thursday, Swiggy stated that its resolution on the Amendment of Articles of Association received 72.36 per cent vo...
- Swiggy moves to become India-owned company, eyes fewer FDI restrictionsSwiggy has announced upcoming adjustments to its board nomination policies as part of its strategy to establish itself as an Indian owned a...
- Swiggy shares down 21% so far in 2025. Will Rapido stake sale fuel Instamart’s next leg?Swiggy is selling its stake in Rapido. This move aims to free up funds for Instamart. Instamart is Swiggy's quick-commerce business. The sa...
- Swiggy’s Instamart rejig signals a move to inventory-led modelSwiggy has restructured Instamart into a step-down subsidiary, a move analysts say signals a potential shift to an inventory-led model once...
- Swiggy's Instamart rejig; Smaller UPI firms gainHappy Thursday! Swiggy's recent move to restructure its Instamart business may be a step towards a larger pivot. This and more in today’s E...
- Amid shift to inventory model, Blinkit offers sellers waiver on fee for recall of unsold goodsThis comes at a time when Blinkit is transitioning to an inventory-led model from a marketplace model, following its parent Eternal becomin...
- ETtech Explainer: Why is Zomato parent Eternal capping foreign ownership at 49.5%?By becoming a majority Indian-owned company, the parent of Zomato and Blinkit becomes an Indian-owned-and-controlled company (IOCC) under I...
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