Shares of Zomato surged 3% on Friday after the company said it is proceeding with the liquidation of its subsidiary Zomato Netherlands B.V.
“…we wish to submit that Zomato Netherlands B.V. (‘Zomato Netherlands”), a step-down subsidiary of Eternal Limited (formerly known as Zomato Limited) (‘the Company”) situated in the Netherlands, has initiated the process of liquidation w.e.f. April 9, 2025,” the company said in a stock regulatory statement on Thursday.
Recently rebranded as Eternal Limited, shares of the company were trading at ₹217.566 apiece on the National Stock Exchange, up 2.97% at 11:45 AM. The company’s market capitalisations stands at ₹2.09 lakh crore, according to NSE.
As disclosed in Zomato’s red…
