🔴 Swiggy is trading 4.3% down today amid reported MSCI index removal

Swiggy is trading at INR 235.50, down 4.27%, amid reported selling pressure linked to MSCI’s decision to remove it from global indexes.

• MSCI’s decision followed a change in Swiggy’s foreign-ownership structure, raising the prospect of passive-fund outflows.
• No separate October 8 company announcement explaining the move appeared in the results reviewed.
• Available coverage supports the MSCI explanation but does not establish it as the sole reason for the full-session decline.