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... • 22d
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
@paramsiddh • 2m
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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Vaibhav Babruwan Shingde
Student • 10m
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.
2
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