Zomato Secures Approval for Name Change of Rs 1.91 Lakh Crore Company

Swift Summary

• Zomato’s shareholders have approved a resolution to rename the company “Eternal.”
• The brand and app name “Zomato” will remain unchanged.
• Eternal will comprise four main businesses: Zomato, Blinkit, District, and Hyperpure.
• The decision reflects Blinkit’s role as a major growth driver for the company.
• Market cap of Zomato is Rs 1.91 lakh crore as of March 10.

Indian Opinion Analysis

The renaming of Zomato to Eternal signifies a strategic shift as the company diversifies beyond its core food delivery service. By integrating various subsidiaries like Blinkit more prominently—which is expected to drive future growth—Zomato is positioning itself for broader market opportunities. Keeping the well-known “Zomato” brand and app suggests continuity for consumers while reflecting internal changes at a corporate level. This move could possibly enhance investor confidence by showcasing adaptability and forward-thinking strategy in an ever-evolving market landscape.

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