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gray man

I'm just a normal gu... • 1m

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 foreign direct investors (FDI), foreign portfolio investors (FPIs), and non-resident Indians (NRIs). Eternal will now seek shareholder approval to move forward with the plan.

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