Stock Market Today, May 20 -- The Eternal Ltd formerly Zomato saw its share price decline more 3% in the intraday trades on Tuesday: While the company announced receiving approval for foreign ownership cap, analysts at Jefferies expect this may lead to MSCI weight cut

Eternal Ltd, the new name for Zomato on Monday post market hours intimated the exchanges that shareholders of the Company have duly passed the special resolution for the item as set out in the Notice. The shareholders have approved sg a cap of up to 49.50% on the aggregate foreign ownership.

Zomato's corporate name was recently changed to Eternal Limited, however the Zomato app and brand will stay the same.

Jefferies India Ltd in its 20 May 2025 report said that Eternal (...