Eternal Ltd.ETERNALDeterioratingCriticalmateriality 98 out of 100
Initiation of liquidation of Zomato Netherlands B.V., step down subsidiary of the Company
Distressinsolvency
As filed
Eternal Limited has informed the exchange regarding initiation of liquidation of Zomato Netherlands B.V., step down subsidiary of the Company.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.