
Zomato’s foreign ownership cap may lead to MSCI exit, says Jefferies; stock falls 3%
Stock Market Today: 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 or Zomato announces approval for foreign ownership cap Eternal Ltd, the new…