Shares of food delivery major, Eternal Ltd, formerly known as Zomato, slipped over three percent intraday on Thursday, August 7, after seeing a large deal worth Rs 5,624 crore on the bourses.
Around 9.2 crore shares, amounting to 1.99 percent of Eternal's total outstanding equity, changed hands via block deals. The transaction, worth Rs 5,624 crore, was executed at Rs 293 per share, roughly a two percent discount from the previous session's closing price.
At 2 p.m., shares of Eternal were quoting Rs 296.45, lower by 0.8 percent on the NSE.
Reports had suggested that Alibaba-backed Antfin Singapore Holding Pte Ltd was likely to sell its entire stake in Eternal Ltd, the parent of Zomato, for Rs 5,375 crore through block deal in a clean-up trade.
As of June 2025, Antfin Singapore Holding Pte Ltd held 1.95 percent stake or 18.84 crore shares in Eternal Ltd, showed exchange data.
Last month, Eternal reported a more than 70 percent rise in June quarter revenue, as its quick commerce order value surpassed that of its food-delivery business for the first time, boosting earnings. In the June quarter, Blinkit's net order value surged 127 percent to Rs 9,203 crore, overtaking Zomato's for the first time, the company said.
Separately, Chinese billionaire Jack Ma's Ant Financial August 5 exited One97 Communications, the parent company of Paytm, by selling its entire 5.84 percent stake for Rs 3,980 crore through open market transactions.
Ant Group, through its affiliate Antfin (Netherlands) Holding BV, offloaded around 3.73 crore equity shares of Noida-based One97 Communications in large deals. Ant Group, formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. Ant Group had been shedding its stake in Paytm after the listing in 2021.
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