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Swiggy Fails to Secure Shareholders’ Approval for Ownership Change

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New Delhi, May 22 (IANS) Quick commerce services provider Swiggy has failed to secure the necessary per cent of shareholders’ approval to alter its Articles of Association, in order to qualify as an Indian-owned and controlled company, according to an exchange filing.The postal ballot on the proposed amendment received 72.36 per cent of votes from shareholders, missing the required threshold by 2.65 per cent, the company said.Postal ballot also sought approval for appointment of Renan De Castro …