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The Economic Times

Economy / The Economic Times

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Swiggy moves to become India-owned and controlled company under FEMA rules

Swiggy is set to revamp its board structure, aiming to establish itself as a wholly Indian concern. This evolution, motivated by inquiries from stakeholders, comes as the company navigates the complexities of foreign investments, which represent around 60% of its shares. This change marks a crucial chapter in Swiggy's bid for greater autonomy within Indias competitive food delivery landscape.

14 May 2026 1:29 am