SUMMARY
Zomato’s parent Eternal announced that its step-down subsidiary in the Netherlands, Zomato Netherlands, has initiated its liquidation process
Zomato Netherlands’ turnover was nil in FY24, while its net worth stood at INR 32 Lakh. The liquidation of the subsidiary is expected to be completed within one year
With this, Zomato has effectively shut down nearly all of its international subsidiaries
Marking its first disclosure post adopting the name Eternal on the bourses, Zomato’s parent Eternal announced that its step-down subsidiary in the Netherlands, Zomato
Netherlands, has initiated its liquidation process.
In an exchange filing, the company said that Zomato Netherlands is not a material subsidiary…
