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| 06-16 | India's Bigbasket names former Amazon veteran Amit Nanda as CEO | RE |
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Published on 05/13/2026 at 04:30 pm BST - Modified on 05/13/2026 at 04:32 pm BST
May 13 (Reuters) - India's Swiggy Ltd said on Wednesday that proposed changes to its rules are part of a broader move to become an Indian Owned and Controlled Company (IOCC) under the country's foreign exchange regulations.
The company said the measure aims to support a domestically controlled board and majority Indian shareholding as it works towards IOCC status.
(Reporting by Abinaya V in Bengaluru; Editing by Shreya Biswas)
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