Swiggy Stock Surges 7% as Domestic Ownership Crosses 50% Milestone

y shares climbed over 7% on Tuesday after the company announced that domestic ownership has surpassed the 50% threshold. The development brings its quick commerce arm, Instamart, closer to adopting an inventory-led model, which aligns with India's foreign direct investment (FDI) regulations. The shift in shareholding structure is expected to provide greater operational flexibility for Instamart, potentially allowing it to hold inventory directly and strengthen its competitive position in the fast-growing quick commerce sector. However, Swiggy clarified that the change in ownership pattern does not impact the overall control or ownership status of the company. Analysts view this as a positive regulatory step that could unlock further growth avenues while maintaining compliance. The stock reaction reflects investor optimism around improved business prospects.