Swiggy stock jumps 6% after domestic ownership tops 50%, bringing Instamart closer to inventory-led model
Swiggy shares jumped today after the company said domestic ownership had crossed the 50 percent mark, bringing Instamart a step closer to a potential inventory-led model under India's foreign investment rules. However, the company clarified that the change in shareholding alone does not alter its ownership or control status.
Swiggy shares jumped today after the company said domestic ownership had crossed the 50 percent mark, bringing Instamart a step closer to a potential inventory-led model under India's foreign investment rules. However, the company clarified that the change in shareholding alone does not alter its ownership or control status.
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