BENGALURU (Reuters) – Shares of Indian food delivery company Zomato plunged 14.3% to a record low on Monday, as a one-year lock-in period for promoters, employees and other investors came to an end following a 2021 listing.
Zomato made a stellar debut on July 23, 2021 in the Mumbai market, but its shares have lost more than 60% of their value since then.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Subhranshu Sahu)
