Eternal To Cap Foreign Ownership At Under 50%

Eternal’s board approved the proposal to cap the foreign ownership at 49.50% on a fully diluted basis today

The investors whose shareholding will be capped include FDI, foreign portfolio investors and non-resident Indians (NRIs)

While foreign investors shed 3% of their stakeholding in the company at the of the March quarter, domestic investors gained similar shareholding in the company

Zomato and Blinkit parent Eternal will soon cap the foreign ownership in the company…