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Swiggy Shareholders Approve Indian-Owned Status Move

By Uniquetimesorg August 18, 2026 0

Swiggy said on Tuesday that shareholders have approved a proposal to cap aggregate foreign ownership at 49.5%, clearing a key hurdle for the food and grocery delivery company to qualify as an Indian-owned and controlled company (IOCC). The move could allow Swiggy’s quick-commerce business, Instamart, to shift from a marketplace model to an inventory-ownership model, […]Continue Reading

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Macquarie, Canada Pension are among bidders on India road assets

By uniquetimes April 15, 2024 0

Macquarie Group Ltd and a Canadian Pension Plan Investment Board-backed investment trust are among the finalists to acquire road assets from India’s infrastructure fund, sources familiar with the matter revealed. The potential deal is estimated to range from $300 million to $500 million, though exact figures remain undisclosed. The assets, valued at $1 billion in Continue Reading

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ITC’s Hotel Business to be Spun Off into Independent Company

By uniquetimes July 26, 2023 0

ITC Ltd announced its decision to separate its hotels business from the rest of the company, which includes its cigarettes and food businesses. The new entity, named ITC Hotels Ltd, will be formed, with ITC holding a 40% stake, and the remaining 60% ownership distributed among existing ITC shareholders. The company stated that the hotels […]Continue Reading

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South Indian Bank to seek shareholders’ approval to raise Rs 2,500 cr in July AGM

By uniquetimes June 23, 2022 0

South Indian Bank (SIB), a private sector lender, intends to raise up to Rs 2,500 crore in order to strengthen its capital basis for commercial growth and comply with regulatory requirements. At the previous AGM for the previous fiscal year, the bank’s shareholders had approved this fund raising, but the bank did not actually raise […]Continue Reading