Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?

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• Economic TimesLean R·1h ago

  Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?

  Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.

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