Eternal Ltd (formerly Zomato) Share Price Declines Post Rebranding

Market Performance

On April 9, 2025, the share price of Eternal Ltd, previously known as Zomato, declined by 2% during the trading session. The stock opened at ₹215.30 on the BSE, reached a high of ₹215.70, and fell to a low of ₹210.55 during the day.

Corporate Rebranding

The company formally transitioned its corporate identity from Zomato Limited to Eternal Limited following approval from the Ministry of Corporate Affairs. The Registrar of Companies confirmed the name change effective March 20, 2025.

As a part of this change, the company's stock symbol is also being updated from ZOMATO to ETERNAL on the NSE and BSE.

Business Overview

The rebranding aligns with the company's evolution beyond its core food delivery operations. Eternal Ltd now encompasses multiple verticals, including:

• Zomato (food delivery services)
• Blinkit (quick commerce platform)
• Hyperpure (B2B supply chain solutions)
• District (dining-out and restaurant services)

Despite the official corporate name change, the company clarified that this alteration will not affect its consumer-facing apps or branding. The corporate website will also transition from zomato.com to eternal.com.

Summary

Eternal Ltd (formerly Zomato) witnessed a 2% decline in its share price on April 9, 2025, coinciding with its formal name change on Indian stock exchanges. This move, approved by the Ministry of Corporate Affairs, aligns with the company's broader business strategy across multiple sectors. The rebranding is corporate and will not alter the consumer experience associated with the company's applications or services.