New Delhi. Foreign investment in online food delivery and instant delivery company Swiggy has dropped below 50 per cent to 49.76 per cent of the total paid-up equity share capital.
The company said in a filing to the stock exchange on Tuesday that the total foreign investment in Swiggy has come down to 49.76 per cent by July 6, 2026, as a result of which domestic ownership has increased to 50.24 per cent.
The total foreign investment in Swiggy includes foreign portfolio investment (FPI), foreign direct investment (FDI) and other indirect foreign investments.
The change in Swiggy’s stake ratio is considered significant at a time when the company is trying to achieve the status of ‘Indian owned and controlled firm’ (IOCC).
However, the company has made it clear that just because the shareholding crosses 50 percent, the ownership or control of the company does not automatically change.
The company clarified that the decline in foreign stake has not caused any change in its ownership or control position. Swiggy said it will also have no impact on the company’s share capital, management, business operations, voting rights or rights related to equity shares.
“Any significant developments in this regard will be made public in accordance with applicable law,” Swiggy said in a regulatory filing.
IOCC status may allow Swiggy’s instant delivery arm ‘Instamart’ to directly hold stock, which will improve margins and better control the supply chain.
It is noteworthy that in May, Swiggy could not get the necessary shareholder approval to amend its internal rules (Articles of Association). Through this change the company wanted to get IOCC status.
Swiggy is the country’s leading online food and quick-commerce company. Founded in 2014, the platform offers food delivery in over 600 cities and groceries in minutes in over 100 cities through Swiggy Instamart.
Comments are closed.