“We wish to submit that Zomato Canada Inc. (“Zomato Canada”), a step-down subsidiary of the Company located in Canada, is dissolved w.e.f March 22, 2022,” Zomato said in the statement.
ZOMATO CANADA
- Zomato Canada didn’t have any active business operations.
- “Further, as disclosed in our red herring prospectus dated July 6, 2021 and prospectus dated July 19,
- 2021 Zomato Canada didn’t have any active business operations,” Zomato stated.
- Zomato Canada was not a material subsidiary of the company and the closure of Zomato Canada does not affect the turnover or revenue of the company, according to the company’s BSE filing.
- As of March 31, 2021, Zomato Canada had registered a ‘NIL’ turnover, and Zomato Canada’s contribution to net worth of the company was 0.00 per cent, the company mentioned in the statement.
ZOMATO SHARE PRICE
Zomato’s share price on BSE on Thursday rose by 1.30 per cent to Rs 81.75. The company’s share price on NSE was up by 1.11 per cent to Rs 81.65.
