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News & updates • 22d

Zomato's parent company, Eternal, is capping foreign ownership at 49.5% to maintain control and comply with regulatory norms.

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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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I think 🤔 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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