Swiggy block deal moves 1.11cr shares after MSCI removal
Business
Swiggy just saw a big shift: 1.11 crore shares (about 4% of the company) changed hands in a block deal on September 4, 2026.
This comes right after MSCI decided to remove Swiggy from its global indices, following changes in ownership rules.
The move is part of Swiggy's plan to be recognized as an Indian-owned and controlled company (IOCC), which would let it directly sell products on Instamart.
Swiggy stock closes up 2.20% ₹276.20
Swiggy counts global names like Prosus, SoftBank, and Tencent among its investors, along with Indian giants SBI Mutual Fund and HDFC Mutual Fund.
Despite all the shuffling, Swiggy's stock actually closed up by 2.20%, landing at ₹276.20 on the BSE by day's end.