A Day After Gunjan Patidar Resigns, Zomato Shares Fall Over 2%

Zomatos stock went lower by 2.24 per cent to settle at ₹ 58.90 apiece on the BSE. (File)

Gunjan Patidar was one of the first few employees of Zomato and built the core tech systems for the company, the company said in a regulatory filing.

Market NewsPress Trust of IndiaUpdated: January 03, 2023 5:17 pm IST

New Delhi: 

Shares of online food delivery platform Zomato ended over 2 per cent lower today, a day after its co-founder and Chief Technology Officer Gunjan Patidar resigned from the post.

The stock went lower by 2.24 per cent to settle at ₹ 58.90 apiece on the BSE. During the day, it declined 4.31 per cent to ₹ 57.65.

On the NSE, it fell 2.32 per cent to end at ₹ 58.90 per share.

In volume terms, 26.22 lakh shares of the company were traded on the BSE, while 4.97 crore shares on the NSE.

Gunjan Patidar was one of the first few employees of Zomato and built the core tech systems for the company, it said in a regulatory filing on Monday.

“Over the last ten-plus years, he also nurtured a stellar tech leadership team that is capable of taking on the mantle of leading the tech function going forward. His contribution to building Zomato has been invaluable,” the company said.

It, however, did not disclose reasons for his resignation.

Source: NDTV-Business

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