Wednesday, 19 August 2026 · World
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EUROS The World Financial Report
Nº 39 Wednesday, 19 August 2026 · World Edition
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Asia

Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why

Markets-Economic Times · 1h ago · 🇮🇳 India
Swiggy to see $400 million outflows after Indian-owned status? Jefferies explains why

Swiggy is moving closer to becoming an Indian-owned and controlled company (IOCC), a move that could enable an inventory-led model for Instamart and potentially improve margins. However, Jefferies expects the shift to trigger passive outflows of over $400 million from MSCI and FTSE indices due to foreign ownership limits. The brokerage retained its Buy rating with a target price of Rs 435.

Read the full story at Markets-Economic Times →