New Delhi, Sept. 2 -- It appears that Swiggy shareholders could face further pain in the share price as global index provider MSCI on Wednesday, 2 September, announced the removal of the food delivery platform from its flagship MSCI Global Standard Index and MSCI Mid Cap Index, just a year after its inclusion.

Swiggy shares closed 2.65% lower in Wednesday's trade following media reports about the potential deletion. CNBC-TV18 later reported that MSCI had announced Swiggy's removal, effective September 7, 2026.

The deletion could trigger selling by funds that track MSCI indices. Market estimates suggest that Swiggy could see passive outflows of up to $340 million following its removal. The food delivery company was added to the indices i...