Shares of Eternal (formerly Zomato) may be in focus on Friday, April 11, after the company informed exchanges about the liquidation of its step-down subsidiary, Zomato Netherlands B.V. The subsidiary, based in the Netherlands, has initiated the process of winding up operations with effect from April 9, 2025.
“Pursuant to Regulation 30 of the Listing Regulations, we wish to submit that Zomato Netherlands B.V. (“Zomato Netherlands”), step down subsidiary of Eternal Limited (Formerly known as Zomato Limited) (“the Company”) situated in Netherlands has initiated the process of liquidation w.e.f. April 9, 2025,” the company said in an exchange filing.
In its disclosure, the company clarified that Zomato Netherlands does not have…
