Eternal Share Price in Focus as Antfin Likely to Exit with ₹5,370 Crore Block Deal

Eternal’s share price is in focus as Antfin Singapore Holding Pte. Ltd, an affiliate of Ant Group, is likely to sell its entire 1.95% stake via a ₹5,370 crore block deal on Thursday, as per The Economic Times report.

The move comes just days after Antfin exited One 97 Communications (Paytm), suggesting a strategic pullback from Indian investments. Eternal, the parent company of Zomato and Blinkit, posted strong revenue but a sharp dip in profit for Q1 FY26.

Antfin to Sell Entire Stake in Eternal via ₹5,370 Crore Block Deal

Antfin Singapore will divest its full stake, equivalent to 18.84 crore shares, in Eternal through a block deal scheduled for Thursday, the report added.

The floor price has been set at ₹285 per share, valuing the transaction at around ₹5,370 crore ($612 million). Morgan Stanley India and BofA Securities India are acting as the deal’s placement agents.

Eternal’s Q1 FY26: Strong Revenue, Weak Profit

Eternal’s parent firm, which owns food delivery giant Zomato and quick-commerce platform Blinkit, reported a 90% year-on-year decline in net profit for Q1 FY26. The consolidated profit fell to ₹25 crore from ₹253 crore in the same quarter last year.

However, revenue from operations saw robust growth, rising 70% YoY to ₹7,167 crore, compared to ₹4,206 crore a year ago. The growth reflects increased demand across platforms but also signals rising costs or reduced margins impacting profitability.

Eternal Share Price Performance

Eternal Limited's share price was trading at ₹298.50, marginally lower by 0.12% or ₹0.35 at 10:00 AM on the NSE from the previous close of ₹298.85. The stock opened at ₹291.55 and climbed to an intraday high of ₹299.70, while touching a low of ₹288.40. The volume-weighted average price (VWAP) stood at ₹291.77.

Read More: Deepinder Goyal-Backed LAT Aerospace Sets Up Bengaluru R&D Hub to Build Gas Turbine Engines.

Conclusion

Antfin’s planned exit from Eternal marks another significant divestment from Indian equities, following its recent offloading in Paytm. While the block deal may influence near-term sentiment, Eternal’s underlying business metrics strong revenue growth coupled with profitability pressures remain key areas to watch as the company navigates its next phase of operations.

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