Shares of Eternal (formerly Zomato) jumped 2.6% in Friday’s early trade to the day’s high of Rs 216.95 on the BSE after the company informed exchanges about the liquidation of its inactive, 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…
