Zomato stock cracks as lock in period ends

The one year lock-in for promoters, shareholders, employees and others considered as insiders ended on Monday.

Zomato stock cracks as lock in period ends

Zomato shares fell to their lowest levels on Monday since the IPO was launched at Rs 76 per share as the one year lock in period for investors considered insiders has ended.

Zomato was down 11.28 per cent at Rs 47.60 in afternoon trade. It hit a 52 week low of Rs 46. Its peak price in 52 weeks was Rs 169.10.