Zomato, now known as Eternal Limited, is currently trading at ₹214.05, up 3% today at 10:24 AM on April 11, 2025. The stock had a previous close of ₹211.5 and has touched a high of ₹218.20 and a low of ₹214 so far today. The market opened at ₹216.
Why is Eternal (Zomato) Share Price Rising?
The rise in Eternal’s stock price comes after the company announced the liquidation of its inactive Netherlands-based subsidiary, Zomato Netherlands B.V.. The subsidiary has started its winding-up process from April 9, 2025.
Eternal clarified that Zomato Netherlands B.V. has no active business operations and is not a material subsidiary. This means its closure will not impact the company’s revenue or turnover. The company had already disclosed this subsidiary’s inactive status in its 2021 Red Herring Prospectus and later public filings.
The liquidation is a procedural step aimed at streamlining the company’s structure. Investors see this as a positive move towards better financial efficiency.
Eternal (Zomato) Share Price Performance
- Last 1 year: Gained 9.19%
- Year-to-date (YTD): Down 23.51%
- Last 6 months: Down 24.38%
- Last 3 months: Down 13.74%
- Last 1 month: Down 2.44%
Despite the short-term decline, the stock has seen positive growth over the past year. Investors are closely watching Eternal’s future strategy and expansion plans.