Swiggy fails to get shareholder nod to become Indian-owned entity

Food delivery platform Swiggy failed to secure required shareholder votes to amend its Articles of Association (AoA), a step needed to qualify as an Indian-owned and controlled company, according to an exchange filing. The proposal received 72.36% approval, falling short of the required threshold by 2.65%. A Swiggy spokesperson said it will continue discussions with shareholders to seek approval.