Zomato tumbles over 14% as share lock-in period comes to end

Reuters | | Updated on: Jul 25, 2022

The shares have lost more than 60 per cent of their value since listing on July 23, 2021

Shares of food delivery company Zomato plunged 14.3 per cent to a record low on Monday, as a one-year lock-in period for promoters, employees and other investors came to an end following a 2021 listing.

Zomato made a stellar debut on July 23, 2021 in the Mumbai market, but its shares have lost more than 60 per cent of their value since then.

Published on July 25, 2022
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