Swiggy share price: Swiggy shares surged as much as 6% to ₹264 apiece in intraday trade on the BSE after the food and grocery delivery platform said domestic ownership in the company had crossed the 50% mark, making it an Indian-owned company.
The stock remains around 44% below its 52-week high of ₹473, while its 52-week low stands at ₹235.85, touched in June 2026. On the performance front, Swiggy shares have gained 5% over the past one month but declined 27% in six months and 20% over the past year.
In a stock exchange filing dated July 7, Swiggy said its aggregate foreign investment, including foreign direct investment (FDI), foreign portfolio investment (FPI) and other indirect foreign investment, stood at approximately 49.76% of its fully diluted paid-up equity share capital as of July 6, 2026. This implies that domestic ownership in the company has risen to 50.24%.
The disclosure comes just weeks after Swiggy failed to secure shareholder approval for amendments to its Articles of Association (AoA) that were intended to facilitate its transition into an Indian Owned and Controlled Company (IOCC). The special resolution had received 72.36% shareholder approval, falling short of the 75% threshold required for passage.
“The proposed amendment reflects our long-term commitment to ensuring management representation on the Board and advancing our transition toward becoming an Indian Owned and Controlled Company (IOCC) under applicable Indian foreign exchange laws and regulations. These remain enduring priorities for us,” the spokesperson added.
No impact on ownership, management or voting rights
In its regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Swiggy said the disclosure was made in continuation of its earlier intimations regarding its endeavour to qualify as an Indian Owned and Controlled Company under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019.
The company said that, based on data available from the designated depository, aggregate foreign investment, comprising FDI, FPI and other indirect foreign investment, stood at approximately 49.76% of its total paid-up equity share capital on a fully diluted basis as of July 6, 2026.
“It is clarified that the above does not, by itself, result in any change to the ownership or control status of the Company, nor does it have any impact on the share capital, management, business operations, voting rights or rights attached to the equity shares of the Company,” it added.
The company reiterated that the disclosure is intended to update investors on the level of aggregate foreign investment and should not be construed as a change in the company’s ownership or control. According to the filing, the current foreign investment level stands below the 50% mark, while domestic ownership has correspondingly increased to 50.24%.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
