MSCI will delete Swiggy from its Global Standard Indexes after the food delivery and quick commerce company came under foreign ownership limit restrictions, adding a fresh technical overhang for the stock. The index provider said Swiggy will be removed from the MSCI Global Standard Indexes under the foreign ownership limit event category. The deletion will be effective from September 7, 2026, according to MSCI’s standard announcement issued on Wednesday.
The announcement came on a day when Swiggy shares were already under pressure. The stock fell 4% on Wednesday to Rs 264.55, its lowest level since late July, extending its two-day decline to 6%. The fall wiped out nearly Rs 5,000 crore from the company’s market capitalisation, which stood at Rs 77,813 crore.
