$SWIGGY Share Price: Stock sinks 7% after board caps foreign ownership

Swiggy Share Price: Swiggy shares came under sharp selling pressure on Friday, July 24, falling as much as 7.28% intraday to trade near their 52-week low after the company's board approved a proposal to cap foreign ownership at 49.5% in line with India's inventory-control regulations. As of 10:58 am, the stock was trading at Rs 244.73 on the NSE, down 6.43% from its previous close.