Swiggy moves to become India-owned and controlled company under FEMA rules

Swiggy moves to become India-owned and controlled company under FEMA rules

Swiggy is set to revamp its board structure, aiming to establish itself as a wholly Indian concern. This evolution, motivated by inquiries from stakeholders, comes as the company navigates the complexities of foreign investments, which represent around 60% of its shares. This change marks a crucial chapter in Swiggy&039;s bid for greater autonomy within Indias competitive food delivery landscape.