SBI Mutual Fund Acquires ₹300 Cr Stake In Swiggy

1 Oct 2026, 3:51 pm · 13h ago · 1 min read · Inc42

Amount

₹300 Cr

Stage

Public Market

Lead

SBI Mutual Fund

SBI Mutual Fund acquired an additional 1.18 crore equity shares in Swiggy via open market transactions, investing over ₹300.6 crore based on prevailing stock prices. The purchase lifted SBI Mutual Fund's aggregate holding across its schemes to 14.16 crore shares, or roughly 5.1% of Swiggy’s total equity, crossing SEBI's mandatory disclosure threshold. The move comes after Swiggy capped foreign shareholding at 49.5% to attain Indian-owned and controlled company status. This regulatory pivot enables quick commerce arm Instamart to transition to a direct inventory-led procurement model, aimed at expanding margins and operational efficiency.