Swiggy Faces Regulatory Hurdle as Shareholders Reject Articles of Association Amendment
Shareholder Rejection Stalls Compliance Strategy Food delivery giant Swiggy failed to secure the necessary shareholder approval to amend its Articles of Association (AoA) this week, a move specifically designed to align the company with India’s complex foreign direct investment (FDI) regulations. The decision, which took place during an extraordinary general meeting, prevents the company from…