Eternal Limited (previously known as Zomato Ltd) has been in focus on Friday. On April 11, 2025, Eternal (Zomato) share price opened at ₹216.00, up from its previous close of ₹211.39. At 10:19 AM, the share price of Eternal was trading at ₹217.99, up by 3.12% on the NSE. As of the same time, the stock price touched its day’s high so far at ₹217.99.
The stock’s upward movement came amid the company’s announcement regarding the liquidation of its step-down subsidiary, Zomato Netherlands B.V., based in the Netherlands. Eternal Ltd notified the stock exchanges that the liquidation process of this subsidiary commenced on April 9, 2025.
Zomato Netherlands, as disclosed in the company’s IPO documents from July 2021, has had no active business operations. Eternal Ltd emphasized that the subsidiary is non-material in nature and its dissolution will not impact the company’s financials. For the fiscal year ending March 31, 2024, Zomato Netherlands reported a turnover of nil and contributed 0% to the parent company’s revenue. Its net worth stood at a modest ₹0.32 crore, contributing 0.00% to Eternal’s overall net worth.
The company also stated that the liquidation process is expected to be completed within one year, subject to receiving all necessary approvals.
Founded in 2010 as Zomato Limited, Eternal Ltd is a prominent online food service platform, recognized for its high food order value. Its diverse offerings include food delivery, dining-out services, loyalty programs, and more. As of December 31, 2020, Zomato had a solid presence in 23 countries, with a network of 1,31,233 active restaurants, 1,61,637 delivery partners, and an average of 10.7 million monthly food orders.
The liquidation of Zomato Netherlands is a part of Eternal Ltd’s strategy to streamline its global operations and close inactive subsidiaries. As the entity had no active business or significant financial contribution, the move is unlikely to have any material impact on the company’s revenue or valuation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 11, 2025, 11:00 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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