India, March 10 -- Foodtech major Zomato has received the approval from its shareholders to change its name to Eternal Limited.

In an exchange filing, Zomato said that its shareholders passed a special resolution to approve the proposal to change the name of the company and consequent alteration in the Memorandum of Association and Articles of Association of the company.

Over 99% of votes were cast in favour of the resolution, while 0.25% were against it.

The move signals a strategic shift as Zomato's quick commerce arm Blinkit has become a significant driver of growth.

In a shareholders' letter last month, Zomato cofounder and CEO Deepinder Goyal said Zomato started using 'Eternal' internally after acquiring Blinkit to distinguish be...