new Delhi: Shares of online food delivery platform Zomato fell 5 per cent on Tuesday, a day after co-founder and chief technology officer Gunjan Patidar resigned from the post. The stock fell 4.31 per cent to Rs 57.65 on the BSE. It fell 4.97 per cent to Rs 57.30 on the NSE. In terms of volume, 14.86 lakh shares of the company were traded on BSE in morning trade, while 2.20 crore shares were traded on NSE.
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Patidar was one of the first few employees of Zomato and built core tech systems for the company, it said in a regulatory filing on Monday.
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“Over the past ten-plus years, he has also nurtured a stellar technical leadership team, which has been able to drive technical work forward. Their contribution to building Zomato has been invaluable,” the company said. However, it did not disclose the reasons for his resignation.