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Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why

Swiggy is moving closer to becoming an Indian-owned and controlled company (IOCC), a move that could enable an inventory-led model for Instamart and potentially improve margins. However, Jefferies expects the shift to trigger passive outflows of over $400 million from MSCI and FTSE indices due to foreign ownership limits. The brokerage retained its Buy rating with a target price of Rs 435.

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Economic TimesLean R·3h ago
Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why
Swiggy is moving closer to becoming an Indian-owned and controlled company (IOCC), a move that could enable an inventory-led model for Instamart and potentially improve margins. However, Jefferies expects the shift to trigger passive outflows of over $400 million from MSCI and FTSE indices due to foreign ownership limits. The brokerage retained its Buy rating with a target price of Rs 435.
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Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why

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Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why

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