Zomato shares tumble over 14% as lock-in period comes to end

Shares of Indian food delivery company Zomato plunged 14.3 per cent to a record low on Monday, as a one-year lock-in period for promoters, employees and other investors came to an end following a 2021 listing.

Zomato made a stellar debut on July 23, 2021 in the Mumbai market, but its shares have lost more than 60% of their value since then.