Swiggy Jumps Over 7% After Foreign Holding Falls Below 50%
India, July 7 -- Shares of Swiggy surged over 7% during the intraday trading on the BSE today after the foodtech major said that the aggregate foreign investment in the company has fallen below the 50% mark.
In an exchange filing, Swiggy said aggregate foreign investment, including foreign portfolio investment (FPI), foreign direct investment (FDI) and other indirect foreign holdings, stood at 49.76% of its paid-up equity share capital on a fully diluted basis as of July 6, 2026, based on depository data.
Following the announcement, the company's shares, which were already trading in the green, jumped 7.24% to reach an intraday high of Rs.267.25 on the BSE. The stock ended the session 6.80% higher at Rs.266.15.
Notably, the company has...
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