Institutional investor to sell up to Rs 1,500 crore Eternal stake via block deal on December 8: Report

The stock has corrected a little over 1 percent in the last one year.

A major block deal is lined up in Eternal on Monday, December 8, with an institutional investor expected to offload up to 0.5 percent equity, sources told CNBC-TV18.

The transaction size is estimated at up to Rs 1,500 crore, with the floor price set at Rs 289.5 per share, the report said. Eternal shares closed at Rs 291.75 on Friday on the NSE, down 1.35 percent.

This would be the latest in a series of large trades in the counter. In mid-November, the stock saw two block deals involving around 90 lakh shares worth Rs 279.25 crore. Earlier in June, about 60.93 lakh shares, or 0.06 percent of Eternal’s outstanding equity, changed hands at an average price of Rs 256 per share, implying a transaction value of Rs 156 crore.

Eternal, an Indian multinational technology company, is the parent of Zomato, Blinkit, District and Hyperpure.

For Q2 FY26, Eternal reported a 63.07 percent drop in consolidated net profit to Rs 65 crore, even as revenue surged over 183 percent year-on-year to Rs 13,590 crore, led by its quick-commerce business. The stock has corrected a little over 1 percent in the last one year.