Zomato Changes its Company, Stock Name: A New Era Begins
In a significant development, Zomato’s board of directors has approved a change in the name of the company from ‘Zomato Limited’ to ‘Eternal Limited’. This move marks a new chapter in the company’s history, and as part of this change, the company’s stock ticker will also be changed from ZOMATO to ETERNAL.
The decision was announced by Zomato’s CEO, Deepinder Goyal, who highlighted that the new company, Eternal Limited, will comprise four major businesses, including Zomato, Blinkit, District, and Hyperpure. This restructuring is expected to have a significant impact on the company’s operations and strategy going forward.
Zomato’s decision to change its name and stock ticker comes on the heels of its recent acquisition of Blinkit, a quick-commerce delivery startup. The acquisition has given Zomato a significant presence in the quick-commerce space, and the company is now looking to leverage this opportunity to expand its offerings and reach.
The change in name and stock ticker is also a reflection of Zomato’s ambition to become a more comprehensive food-tech company. The company has been expanding its presence in the food delivery space, and with the addition of Blinkit, it has now become a major player in the quick-commerce space as well.
Blinkit is a popular quick-commerce delivery startup that has gained significant traction in recent years. The startup has a strong presence in several cities across the country and has been successful in disrupting the traditional food delivery space. With the acquisition, Zomato is now looking to leverage Blinkit’s expertise and network to expand its offerings and reach.
The change in name and stock ticker is also expected to have a significant impact on the company’s brand identity and marketing strategy. Zomato has built a strong brand over the years, and the change in name and stock ticker is expected to help the company reposition itself in the market.
The decision to change the name and stock ticker has been widely welcomed by industry experts and investors. Analysts believe that the move will help Zomato to become a more comprehensive food-tech company and to expand its offerings and reach.
“The change in name and stock ticker is a strategic move by Zomato to reposition itself in the market and to become a more comprehensive food-tech company,” said an industry expert. “The acquisition of Blinkit has given Zomato a significant presence in the quick-commerce space, and the change in name and stock ticker is expected to help the company to leverage this opportunity to expand its offerings and reach.”
The change in name and stock ticker is also expected to have a significant impact on the company’s financials. Zomato has been expanding its operations rapidly, and the change in name and stock ticker is expected to help the company to raise additional capital to fund its growth plans.
In conclusion, Zomato’s decision to change its company and stock name to Eternal Limited is a significant development that marks a new chapter in the company’s history. The change is expected to have a significant impact on the company’s operations and strategy, and it is likely to help Zomato to become a more comprehensive food-tech company and to expand its offerings and reach.
