Monday, January 30, 2023
Outlook.com
Outlook India
Outlook Business
+

Zomato Stock Declines 5% In Morning Trade

The stock went lower by 4.31 per cent to Rs 57.65 on the BSE

Zomato Stock Declines 5% In Morning Trade

Press Trust Of India

POSTED ON January 03, 2023 12:49 PM

Shares of online food delivery platform Zomato declined five per cent on Tuesday, a day after its co-founder and chief technology officer (CTO) Gunjan Patidar resigned from the post.

The stock went lower by 4.31 per cent to Rs 57.65 on the BSE (Bombay Stock Exchange).

At the NSE (National Stock Exchange), it fell 4.97 per cent to Rs 57.30.

In volume terms, 14.86 lakh shares of the company were traded at the BSE in morning trade, while 2.20 crore shares on the NSE.

Patidar was one of the first few employees of Zomato and built the core tech systems for the company, it said in a regulatory filing on Monday.

"Over the last ten-plus years, he also nurtured a stellar tech leadership team that is capable of taking on the mantle of leading the tech function going forward. His contribution to building Zomato has been invaluable," the company said.

It, however, did not disclose the reasons for his resignation.
 

  • Related Articles

    Suhail Sameer will continue to serve as the Strategic Advisor effective January  7, 2022

    BharatPe's CEO Suhail Sameer Steps Down, Nalin Negi To Takeover As Interim CEO

    According to a company statement, the group had posted a total loss of Rs 341 crore in FY21

    CarDekho Group Narrows Loss To Rs 246 Crore In FY22

    The acquisition is expected to strengthen and consolidate RateGain’s position across commercial teams in hotel chains, airlines and car rental companies

    SaaS Platform RateGain To Acquire Adara Inc