Swiggy share price, July 24 -- Shares of Swiggy plunged more than 7% on Friday, July 24, to near its record low as investors reacted to the company's proposal to cap foreign ownership at 49.5%, a move that could trigger its removal from global equity indices and lead to significant passive fund outflows.

The stock fell as much as 7.2% to an intraday low of Rs.242.60 on the BSE, moving closer to its all-time low of Rs.235.80, touched on June 30, 2026. Swiggy shares have declined 10% over the past week, 13.5% in three months, 20% in six months and 41% over the past year.

In an exchange filing after market hours on Thursday, Swiggy said its Board of Directors had approved a proposal to reduce the company's maximum foreign ownership limit t...