Recent developments at Swiggy: Did investors block a bona fide push to ease FEMA compliance or thwart an opportunistic move to consolidate power?

Swiggy, India’s leading food delivery and quick commerce, company ran into some turbulence in its attempt to make certain corporate governance changes and convert to an Indian owned and controlled company under Indian foreign exchange regulations.  Indian domestic institutional investors blocked the resolutions.

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Please go through our slide deck to understand the facts and learn about pitfalls that public companies should avoid when handling sensitive regulatory matters.