Zomato winds up US-based step-down subsidiary - Business2Business
- by Gaurav Grover 2021-08-20 06:34:20
New Delhi: Zomato said on Thursday that its step down subsidiary, Zomato USA LLC, has been dissolved and wound up.
"Zomato USA LLC (ZUL), step down subsidiary of the company, has been dissolved and terminated," Zomato said in a regulatory filling.
It added that ZUL was not a material subsidiary of the company and had no business and its dissolution would not affect the volume / revenue of the company.
The company received a notification on August 18, 2021, regarding the dissolution and winding up of Zomato USA LLC effective from August 17, 2021, the filing said.
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