Zomato name Eternal: Food delivery app Zomato has changed its identity. The company’s board has approved the change of Zomato’s name. Zomato’s board has approved the change of its name and decided to change the company’s new name to Eternal Limited.
The board is awaiting shareholders’ approval on the new name. Here, let us tell you that the company has not changed the name of the Zomato app, only the name of the parent company has been changed to Eternal Limited.
Name changed, Zomato got a new identity
Zomato has changed the name of its parent company to Eternal Limited. Giving information about the board’s decision, the company’s CEO Deepinder Goyal said that this decision has been taken due to rebranding. However, rebranding will be only for the parent company. That is, the name of Zomato’s parent company will change but the name of the app will remain Zomato.
Zomato CEO’s letter said this is a difficult decision
The company’s CEO Deepinder Goyal has informed the stock market about the board’s decision. He has written a letter to the shareholders and explained the name in detail. He said that Zomato is an accidental company. He wrote that the decision to change the name has been taken as part of the plan to rebrand the parent company, so that a new identity of the company can be established.
He said that when we bought Blinkit, we started using the name “Eternal” internally to differentiate between the company and the brand/app. We also thought of changing the company’s name to Eternal publicly, now that opportunity has come, so we are now changing the name of Zomato Limited to Eternal Limited. Goyal has described the name Eternal as a powerful name. He said that this decision was not easy. It has been completed as a mission.
The name of the app will not change
Let us tell you that the name of Zomato’s parent company has changed. The name of the Zomato app will remain the same. That is, the Zomato app will remain the same. You will see the change with the new name on Zomato’s stock ticker. Let us tell you that today Zomato’s shares have seen a decline of 1.22 percent, the company’s shares closed at Rs 229.90. Zomato’s shares have fallen by more than 16 percent in a year.
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