Swiggy plans governance changes to align with Indian ownership regulations
2026-05-14·via Business News Today: Latest Business News, Finance News
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SENSEX 74,608.98
+ 49.74
NIFTY 23,412.60
+ 33.05
NIFTY 23,412.60
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CRUDEOIL 9,698.00
-25.00
CRUDEOIL 9,698.00
-25.00
GOLD 162,174.00
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Swiggy moves towards Indian Owned and Controlled Company status under forex rules
Swiggy said its proposed rule changes are aimed at achieving IOCC status under foreign exchange regulations, with a focus on Indian shareholding and board control
India's Swiggy Ltd said on
Wednesday that proposed changes to its rules are part of a
broader move to become an Indian Owned and Controlled Company
(IOCC) under the country's foreign exchange regulations.
The company said the measure aims to support a domestically
controlled board and majority Indian shareholding as it works
towards IOCC status.
Published on May 14, 2026
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