Eternal, the company that owns the food‑delivery giant Zomato, has begun liquidating Zomato Netherlands B.V., a step‑down subsidiary with no active business and a net worth of about Rs 32 lakh.
In a filing with the stock exchanges, the company said the unit “is not a material subsidiary,” so closing it will not affect revenue. The process, launched less than a month after the firm rebranded itself from Zomato Ltd. to Eternal Ltd., is expected to be completed within a year.
First move under the Eternal name
The liquidation is Eternal’s first corporate disclosure since the name change took effect on the…
