INSUBCONTINENT EXCLUSIVE:
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
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
