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In response to stock exchanges’ requests for clarification on reports that Zomato would be transitioning to a new multiple CEO structure, the foodtech startup said on Thursday (August 4) that the news reports had cited an internal communication.
The BSE and NSE had asked Zomato for clarification on the matter. “Zomato believes that the internal communication is not material and does not mandate any disclosure,” the startup responded. Earlier this week, it was reported that Zomato is planning to consolidate all of its businesses under one parent company called ‘Eternal,’ with multiple CEOs.
