Market Performance
Shares of Eternal Ltd, a prominent name in food delivery and quick commerce, saw a mild decline in early trade on July 6, 2025.
- Stock Price at 9:16 a.m.: ₹259.55
- Day's Change: Down 0.7%
The slight dip in the Eternal share price followed a significant announcement regarding a senior leadership change in its food delivery vertical.
Main News
Eternal Ltd confirmed the appointment of Aditya Mangla as the new Chief Executive Officer of its food ordering and delivery division.
The Board of Directors approved the decision on July 6, 2025, officially commencing Mangla's two-year term in this pivotal leadership position.
He steps in as the successor to Rakesh Ranjan, who completed his term and will no longer serve as a Senior Management Personnel (SMP) effective the same day.
Company Details
- Current Role of Aditya Mangla: Head of Product – Food Ordering and Delivery
- New Role: CEO – Food Ordering and Delivery
- Board Approval Date: July 6, 2025
- Outgoing CEO: Rakesh Ranjan
- Ranjan's Tenure: 2 years, ended on July 6, 2025
In a company-wide communication, the founder emphasised the evolving nature of leadership, stating the need for a vision-driven and empathetic management approach.
Summary of the Article
The Eternal share price declined marginally by 0.7% in the early hours of July 6, 2025, following the announcement of a key leadership change in its food delivery segment.
With Aditya Mangla officially taking over as the new CEO, the transition marks a fresh chapter for the company's operational strategy.
The change comes without disruption, as Mangla has already been an integral part of the division as the Head of Product.
While the markets reacted slightly, the impact on broader business sentiment remains neutral as Eternal continues its journey of transformation in the food commerce space.
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