Business

Zomato, India's leading food delivery business, Dissolves Action Down Subsidiary In United States

   Download Android App    Share in      FullScreen   CheckVideos

Earlier, on July 23, Zomato had noted at a premium of 52 percent at Rs 115 on stock exchangesZomato, India's leading food delivery company, has stated its action down subsidiary in the United States, Zomato U.S.A.

LLC (ZUL) has actually been dissolved and ended up.

ZUL (Zomato USA LLC) was not a material subsidiary of the business (Zomato) and didn't have any company activity and the dissolution of ZUL will not affect the turnover/revenue of the company.

Zomato stated in a regulatory filing to the stock exchanges.A step down subsidiary company is a subsidiary of a business's subsidiary.

If A is the holding company, B is the subsidiary of A and c is the subsidiary of B, then C is the step-down subsidiary of A.Zomato had gotten intimation on August 18 regarding dissolution and winding up of Zomato USA LLC with result from August 17, 2021, Zomato added.Earlier, on July 23, Zomato had made a magnificent launching on Dalal Street.

The shares had actually listed at a premium of 52 per cent at Rs 115 on the stock market and closed higher by 65 percent at Rs 125 on debut day.

At 12:30 pm, Zomato shares were trading higher by 0.7 per cent at Rs 137.40 on the BSE as against a 0.34 percent decline in the benchmark indices.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Business


20