Zomato begins liquidation of its Vietnam-based step-down subsidiary

Food delivery major Zomato has initiated the process of liquidation for its Vietnam business, the company said in a regulatory filing on Thursday.

The company added that the step-down subsidiary does not have any active business operation, and its liquidation would not impact the operations of the company.

‘It may be further noted that Zomato Vietnam Company Limited (ZVCL) is not a material subsidiary of the company, and the dissolution of ZVCL will not affect the turnover/revenue of the company,’ the filing read.

Read more

You may also like

Comments are closed.