rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Zomato and Blinkit’s parent company, rel=”dofollow” href=”https://economictimes.indiatimes.com/eternal-ltd/stocks/companyid-57948.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Eternal, is reworking its ownership structure to become a domestically controlled entity. The company’s board has proposed data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/blinkit-parent-eternals-board-clears-plan-to-cap-foreign-ownership-at-49-5/articleshow/120423390.cms” target=”_blank”>capping foreign ownership at 49.5%—a move that paves the way for its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce arm, Blinkit, to move away from a pure marketplace model and start holding inventory directly.
What changes for Eternal and Blinkit?
By becoming a majority Indian-owned company, Eternal can now follow a different set of rules that allow more flexibility.
As of March 31, Indian investors, including mutual…
