Zomato Shares Surge 3.37% on Antitrust Denial and New Discount Feature
NSE: ZOMATO: Rs.258.00(+3.37%)
Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, Loyalty programs, and others.
Zomato shares rose by 3.37% today, driven by two key factors:
-
- First, both Zomato and Swiggy denied allegations of antitrust violations by the CCI, calling recent media reports misleading. Zomato and Swiggy Respond to Reports on CCI Probe Findings, Clarify No Final Order Issued.
- Second Zomato introduced a new feature (Food Rescue Feature) that allows users to purchase food items at discounted rates if an order is canceled and becomes available for others. These developments contributed to Zomato’s 3.37% gain, even in a broadly declining market.