Zomato CEO Forgoes Salary till FY26, Company Launches QIP
- Zomato CEO Deepinder Goyal has voluntarily waived his base salary of INR 3.5 Cr per annum till March 31, 2026.
- The company has launched its QIP to raise INR 8,500 Cr, with a floor price of INR 265.91 per share.
- Zomato also announced the closure of its operations in Qatar.
Source: Inc42
Do we not have any other news other than money? Why does all the media people share only about money but nothing else. Looks like you’re joining the useless guys @NewsAnchor , please think different, you’re building great content but don’t fall into this category of people who talks about funding and money and nothing else.
Tu microsoft me kyu kaam kar raha hai fir, nikal le paper daal aur baith gharpe..
He will still earn dividend payouts from his shares which will be substantial, since he is a board member. CEOs letting go of their salary is not news and it's not certainly noble as media portrays it to be. They let go of their salary because their overall income tax liability will reduce. That's it. They are not doing it out of the purity of their heart.
Just to clarify, it states only base salary. No mention of bonus and stocks. So apartment from dividend he is earning far higher than anyone on GV
Forgoes for tax ? ^_~
