Zomato CEO Deepinder Goyal will work for free! Will not take salary till March 31, 2026
Actually, today i.e. on 26th November at 1 pm, it was trading at Rs 277.35 per share on BSE, due to which there has been a rise in the share price. As of 1 pm on 26th November, Zomato's turnover was Rs 2,45,243 crore i.e. about Rs 28.8 billion. The market capitalization remained in dollar. Its recently listed rival Swiggy has a market capitalization of Rs 99,845 crore or about $11.8 billion.
Three years ago, i.e. at the beginning of the financial year 2020-21, Zomato CEO had said that he would not take his salary for 36 months till the end of the financial year 2023-24. However, now he has extended his decision till March 31, 2026, that is, he will not take his salary for two more years. Company documents read, "Deepinder Goyal informed the Board that as per the extension letters dated March 24, 2021 and April 1, 2024, he voluntarily foregone his salary for the period from April 1, 2021 to March 31, 2026." Is." However, in the meantime, Goyal will continue to perform his role and functions in the company as MD and CEO of Zomato. During this period they will also take the total amount of variable pay. This amount will be decided by the board later. Let us tell you that Goyal holds 4.18 percent shares of Zomato. Its value was more than Rs 10,000 crore by the close of trading on BSE on November 25. Zomato's shares have increased by more than 140 percent so far this year. Actually, today i.e. on 26th November at 1 pm, it was trading at Rs 277.35 per share on BSE, due to which there has been a rise in the share price. As of 1 pm on 26th November, Zomato's turnover was Rs 2,45,243 crore i.e. about Rs 28.8 billion. The market capitalization remained in dollar. Its recently listed rival Swiggy has a market capitalization of Rs 99,845 crore or about $11.8 billion.
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