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Zomato informs about liquidation of step-down subsidiary in vietnam

04 Jan 2024 Evaluate
Pursuant to Regulation 30 of the Listing Regulations, Zomato has submitted that Zomato Vietnam Company Limited (ZVCL), step down subsidiary of Zomato situated in Vietnam has initiated the process of liquidation. Further, as disclosed in our red herring prospectus dated July 6, 2021 and prospectus dated July 19, 2021, ZVCL does not have any active business operation. It may be further noted that ZVCL is not a material subsidiary of the Company, and the dissolution of ZVCL will not affect the turnover/revenue of the Company. The details as required under Listing Regulations read with SEBI circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, for ZVCL are given in Annexure A. The above information will also be available on the website of the Company www.zomato.com

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
Eternal 327.00
Swiggy 253.90
Meesho 223.10
FSN E-Comm. Ventur. 328.05
Brainbees Solutions 184.30
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