Eternal, the parent company of Zomato and Blinkit, is set to limit foreign ownership to 49.5%. The company's board approved the proposal during a meeting today, applying the cap on a fully diluted basis.
The restriction will affect shareholdings by
India‘s growth is fascinating. People going to foreign country for a better life are going to miss out big time!
6 replies18 likes
Shripathy S
Hey I am on Medial • 1y
The more the data sets with investing and trading and fast development in technology throghout the globe to capture a big piece of chunk in Gen AI market, this could be considered as a step towards it.
2 replies7 likes
NARESH VASTRAKAR
Focus • 3m
I have a simple idea but most effective want big investors. ev releted idea.
How to get your 1st investment and if how to negotiate in the early stages if the Buisness needs more money in the beginning and the initial investors want to invest once for a large chunk
And what would be a good cut of deal bw founder and investor