Zomato's parent company, Eternal, is capping foreign ownership at 49.5% to maintain control and comply with regulatory norms.
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gray man
I'm just a normal gu...ย โขย 1d
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
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param siddh
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I think ๐ค the GOI must have given them a condition to partner with an local companies or businesses Only then will they get access to the Indian market.
They have done this with other US and Chinese companies too, where the foreign company partners
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Vaibhav Babruwan Shingde
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why indian Startups are opting for Debt financing?
1. Preserving equity:
Debt financing allows startups to raise capital without diluting their equity and ownership. This is important for founders who want to maintain control of their company.
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vishakha Jangir
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Set2Scoreย โขย 2m
๐๐ผ๐ ๐ฑ๐ถ๐ฑ ๐๐๐ต๐ฎ ๐๐บ๐ฏ๐ฎ๐ป๐ถ'๐ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐ต๐ฒ๐น๐ฝ ๐ฆ๐๐๐๐ก ๐บ๐ฎ๐ธ๐ฒ ๐ฎ ๐ฐ๐ผ๐บ๐ฒ๐ฏ๐ฎ๐ฐ๐ธ ๐ถ๐ป ๐๐ป๐ฑ๐ถ๐ฎ?
In 2023, Reliance Retail (a subsidiary of Reliance Industries, led by Isha Ambani) entered into a partnership with SHEIN, a Chi