Zomato stock declines over 2 pc

The stock went lower by 2.24 per cent to settle at Rs 58.90 apiece on the BSE. During the day, it declined 4.31 per cent to Rs 57.65

PTI

Updated:3rd Jan, 2023 at 6:05 PM

NEW DELHI: Shares of online food delivery platform Zomato ended over 2 per cent lower on Tuesday, a day after its co-founder and Chief Technology Officer Gunjan Patidar resigned from the post.

The stock went lower by 2.24 per cent to settle at Rs 58.90 apiece on the BSE. During the day, it declined 4.31 per cent to Rs 57.65. On the NSE, it fell 2.32 per cent to end at Rs 58.90 per share.

In volume terms, 26.22 lakh shares of the company were traded on the BSE, while 4.97 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 reasons for his resignation.

Zomato stock declines over 2 pc

The stock went lower by 2.24 per cent to settle at Rs 58.90 apiece on the BSE. During the day, it declined 4.31 per cent to Rs 57.65

Also Read

TN raises monthly contingency funds for police stations to reduce corrupt practices

Tambaram-Velachery Road in Chennai riddled with potholes; ambulance overturns, two injured

Return of people after holidays to Chennai triggers traffic congestion near Kilambakkam bus terminus

HIGHLIGHTS | Tamil Nadu rains: Schools closed in 5 districts, including Chennai, as twin low-pressure areas loom

CJP leaders withdraw from Delhi HC plea challenging their judicial custody