Swiggy Gets Shareholder Nod for IOCC Status, Foreign Ownership Capped at 49.5%
Swiggy shareholders have given their approval to the business’s plan to become an Indian owned and controlled company (IOCC), with foreign ownership capped at 49.5%. The resolution was passed with 99.99% backing at its AGM on 18 August, a major obstacle after an earlier proposal was rejected.