Last Updated:July 07, 2025, 10:56 IST
Shares of food delivery and quick commerce giant Eternal Ltd edged lower after the company announced a leadership change
Zomato Share Price
Zomato Share Price: Shares of food delivery and quick commerce giant Eternal Ltd edged lower after the company announced a leadership change in its food ordering and delivery business.
Aditya Mangla has been appointed as the new CEO of the segment, following board approval on July 6, 2025. He will serve a two-year term, succeeding Rakesh Ranjan, who has completed his tenure.
In a regulatory filing, Eternal stated that Ranjan would no longer be designated as a Senior Management Personnel (SMP) effective July 6, 2025. Mangla, who currently heads product for the food ordering and delivery vertical, has been with the company since 2021.
In an internal email to employees, founder Deepinder Goyal said the leadership shift is more than a routine transition. “This isn’t just a change of roles. It’s a signal for the kind of leadership we need as we move into our next chapter,” he wrote. “Leadership is not just about knowing what to do. It’s about learning how to see—the invisible cause and effect. We need leaders who listen not to reply, but to understand.”
Global brokerage Morgan Stanley reaffirmed its ‘Overweight’ rating on Eternal shares with a price target of Rs 320. The firm highlighted Mangla’s experience and noted that Eternal has consistently gained market share over the past four years, even amid multiple leadership transitions.
At 9:16 a.m., Eternal shares were trading at Rs 259.55, down 0.7 per cent on the day.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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