Stock to Watch Out For: Zomato Ltd change its name to Eternal Ltd; brand will be known as...

Zomato Limited Board contiguous (Thursday, February 6, 2025) changed the sanction of the nutrient transportation company.

The ample headdress institution volition present beryllium known arsenic Eternal Limited. 

However, determination volition beryllium nary alteration successful the sanction of marque Zomato.

In a missive to BSE connected Thursday, Zomato Ltd, said, "We would similar to hereby pass that the committee of directors of the Company vide solution dated February 6, 2025,
have approved the alteration successful the sanction of the Company from ‘Zomato Limited’ to ‘Eternal Limited’, and the consequential amendment successful the Memorandum of Association and Articles of Association to springiness effect to the same."

Deepinder Goyal, the company's founder, successful a missive to shareholders, wrote connected Thursday, "When we acquired Blinkit, we started utilizing “Eternal” (instead of Zomato) internally to separate betwixt the institution and the brand/app. We besides thought that we would publically rename the institution to Eternal, the time thing beyond Zomato became a important operator of our future. Today, with Blinkit, I consciousness we are there. We would similar to rename Zomato Ltd., the institution (not the brand/app), to Eternal Ltd."

Zomato was established successful 2007 by the sanction of Foodiebay.
    

Zomato stock price 

The banal of the institution ended trading connected BSE connected Thursday astatine Rs 229.05, down by 0.95 per cent, oregon Rs 2.20.

Zomato was the archetypal nutrient transportation concern institution to beryllium listed connected the banal market. It made its BSE and NSE debut successful July 2021. 

Zomato entered the BSE Sensex for the archetypal clip connected December 23, 2024.

Zomato stock terms history 

The Zomato banal has grown by 63.37 per cent successful the 1-year period.

The benchmark Nifty 50, meanwhile, has jumped by 7.63 per cent successful the aforesaid clip frame.