The removal follows shareholder approval of a proposal to cap the company’s total foreign ownership at 49.5%. The move forms part of Swiggy’s strategy to secure recognition as an Indian-Owned and Controlled Company (IOCC).
Earlier, Swiggy’s board approved a reduction in the foreign ownership limit from 100% to 49.5% on a fully diluted basis. As of July 6, 2026, the company’s foreign ownership had already fallen below the 50% threshold, standing at 49.76%.
ALSO READ | Swiggy ties up with Hero MotoCorp to help delivery partners buy two-wheelers
Swiggy’s foreign investors include Prosus, SoftBank, Tencent and Accel, while its Indian investors include SBI Mutual Fund, ICICI Prudential Asset Management and HDFC Mutual Fund, according to data compiled by LSEG.
Shares of Swiggy Ltd ended on Wednesday lower after coming under pressure following its removal from MSCI indices. The stock opened at ₹270 on the NSE and closed at ₹265.30, down 3.53%, after touching an intraday low of ₹264.55.
Swiggy shares have fallen around 32% year-to-date (YTD) in 2026. The stock closed at ₹390.70 on January 1, 2026, compared with ₹265.30 on September 2, 2026, marking a decline of about 32.1%.
MSCI’s indexes are used by investors globally, with about $16.9 trillion of assets under management benchmarked to their equity indexes.ALSO READ | Swiggy shares jump 5% after setting a ₹10,000 crore adjusted EBITDA target by FY31
(Edited by : Ajay Vaishnav)
First Published: Sept 2, 2026 6:52 PM IST
