India's Swiggy seeks to move towards Indian-owned status

Swiggy

13/05/2026 16:29

May 13 (Reuters) - India's Swiggy Ltd SWIG.NS said on Wednesday that proposed changes to its rules are part of a broader move to become an Indian Owned and Controlled Company (IOCC) under the country's foreign exchange regulations.

The company said the measure aims to support a domestically controlled board and majority Indian shareholding as it works towards IOCC status.

 (Reporting by Abinaya V in Bengaluru; Editing by Shreya Biswas)

 ((Abinaya.V@thomsonreuters.com;))