Eternal shares slip 2% after CEO Rakesh Ranjan steps down

Eternal, Zomato's parent company, experienced a 1.7% stock dip following CEO Rakesh Ranjan's resignation, though he will remain in a different role. Founder Deepinder Goyal will temporarily oversee the food delivery vertical amid an internal reshuffle and broader sector slowdown. Concerns linger about Zomato's market share as competitors expand rapid delivery services, despite a modest GOV increase.