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Eternal, parent company of Zomato and Blinkit, limits foreign ownership to 49.5% to meet Indian regulations.
Eternal, the parent company of food and grocery delivery platforms Zomato and Blinkit, has approved a plan to limit foreign ownership to 49.5%.
This move aims to align with Indian regulations, allowing the company more control and flexibility, such as stocking and selling its own products.
The change comes amid regulatory scrutiny and pressure from local trade bodies concerned about foreign capital's impact on local markets.
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Eternal, compañía matriz de Zomato y Blinkit, limita la propiedad extranjera al 49.5% para cumplir con las regulaciones indias.