Restructuring ‘not material’, doesn’t require disclosure, Zomato tells BSE

An internal communication about changing its internal structure and appointing a chief executive for each of its businesses was “not material” and so did not require a stock exchange disclosure, online food ordering platform Zomato told BSE on Thursday.

This came in response to a clarification sought by the exchange.

Zomato told the BSE that news reports regarding its rejig were based on an internal communication that chief executive Deepinder Goyal had shared with employees.