ETERNAL LIMITED — Important, 01-12-2024: Updates
01-12-2024 | 03:35 pm
01-12-2024 | 03:35 pm
Zomato Limited has updated that its shareholding in Byondnxt Smart Home Pvt Ltd has decreased to 6% on a fully diluted basis, down from approximately 8% following Byondnxt's recent capital raise, which the company did not participate in. This reduction results from a new fundraising round completed by Byondnxt on November 30, 2024, where additional capital was sourced from select investors. This shift in ownership may impact Zomato's strategic relationship and influence within Byondnxt, prompting investors to watch closely for future developments.
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