Zomato share price slips 3% as company clarifies hiking platform fees

Zomato shares declined 2.5 per cent on Thursday (October 24) and registered an intraday low of Rs 257.05 per share on BSE. The stock of the food delivery platform slipped after the company clarified that it had hiked the platform fee to Rs 10 amid the festive season rush.

At around 11:56 AM, Tata Communications shares were up 2.92 per cent at Rs 1,831.05 per share. In comparison, the BSE Sensex was down by 0.04 per cent at 80,046.63 at around the same time. The market capitalisation of the company at around the same time stood at Rs 52,184.93 crore.