Tue Apr 15 04:20:00 UTC 2025: **Zomato (Now Eternal) Shares Surge Amidst Market Recovery**
MUMBAI, INDIA – Eternal Limited (formerly Zomato), saw a significant surge in its share price on Friday, the last trading day of the week. Shares climbed 3%, reaching ₹218.20, up from the previous close of ₹211.50. This comes after a year of fluctuating performance, with a 52-week low of ₹146.85 in June 2024 and a high of ₹304.50 in December 2024.
The rise follows the announcement of the liquidation of Zomato Netherlands B.V., an inactive subsidiary. Eternal clarified that the subsidiary ceased operations on April 9, 2025, and its liquidation will not impact the company’s overall business or revenue. The inactive status of Zomato Netherlands was previously disclosed in the company’s Red Herring Prospectus and subsequent filings in 2021.
The company, which rebranded from Zomato to Eternal in March following shareholder approval, maintains that the food delivery brand and app will continue to operate under the “Zomato” name. Eternal currently encompasses four core businesses: Zomato, Blinkit, District, and Hyperpure.
Despite Friday’s surge, Eternal’s shares have shown mixed performance over the past year. While a 10% increase is noted over the last year, a 24% year-to-date decline, a 25% drop in the last six months, and a 14% fall in the last three months have been observed. The stock also saw a 3% decrease in the past month.
First Piper 