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From Zomato to M&M, why are Indian firms exiting overseas subsidiaries?

From Zomato to M&M, why are Indian firms exiting overseas subsidiaries?
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Zomato's Eight-Session Winning Streak Ends, Slumps Over 5% On Wednesday

Zomato ended 5.4% lower at INR 74.07 on the BSE today, a day after Zomato said its step-down subsidiary in Australia has been deregistered ....

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Nifty, Sensex On an Uptrend - Monday Closing Report

On Monday, 2773 stocks advanced, 856 declined and 132 remained unchanged on the Bombay Stock Exchange (BSE), with advance decline ratio of 3.23, indicating a positive closing of stocks. ....

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Zomato Announces Dissolution Of Subsidiaries In NZ Australia

Zomato NZ Media Private Limited is Zomato’s New Zealand-based wholly-owned subsidiary, whereas Zomato Australia Pty Limited is based out of Australia and is a step-down subsidiary, , zomato ....

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