Zomato parent entity caps foreign ownership in company at 49.5%

Zomato clarified its position regarding Eternal's capping of foreign ownership. While the specific details of Eternal's decision are not elaborated upon, Zomato's communication suggests its awareness and likely alignment with this move by the food delivery platform's subsidiary or related entity. This action could be related to regulatory requirements, strategic decisions about ownership structure, or long-term business planning for its various verticals.