Zomato tumbles over 14% as share lock-in interval comes to finish


Shares of meals supply firm Zomato plunged 14.3 per cent to a document low on Monday, as a one-year lock-in interval for promoters, staff and different traders got here to an finish following a 2021 itemizing.

Zomato made a stellar debut on July 23, 2021 within the Mumbai market, however its shares have misplaced greater than 60 per cent of their worth since then.

Revealed on

July 25, 2022

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Shares of meals supply firm Zomato plunged 14.3 per cent to a document low on Monday, as a one-year lock-in interval for promoters, staff and different traders got here to an finish following a 2021 itemizing. Zomato made a stellar debut on July 23, 2021 within the Mumbai market, however its shares have misplaced greater…