Eternal block deal executed, Rs 1,535-crore worth of shares sold; shares fall 2.5%

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26 Aug, 2025 12:21

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Eternal Ltd, the parent of Zomato and Blinkit, saw a major secondary market transaction on Monday, with 5.3 crore shares -- amounting to about 0.54 percent of its equity -- changing hands in the block deal window. The shares were traded at Rs 290.4 apiece, valuing the deal at roughly Rs 1,535 crore, according to exchange data.

The block deal was executed at a slight discount of about 0.7 percent to Friday’s close of Rs 292.4. Following the block deal, Eternal (Zomato) shares slipped into red, giving up early morning gains. The stock fell 2.5 percent to close at Rs 285.05 on NSE. The stock is up 3 percent so far this year, with the company's market capitalisation at over Rs 2.75 lakh crore.

The block deal comes after the news reports about the impending development, flagging an institutional investor’s plan to offload up to 0.5 percent equity at a floor price of Rs 289.5 a share. Eternal has witnessed several large trades this year: two block deals in mid-November involved nearly 90 lakh shares worth Rs 279.25 crore, while another 60.93 lakh shares exchanged hands in June at an average Rs 256 per share, amounting to Rs 156 crore.

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Monday’s transaction extends a steady run of institutional activity in the counter, reflecting continued interest around Eternal following a sharp surge in its scale and ongoing developments in its quick-commerce business. The company’s consolidated net profit had declined 63 percent year-on-year to Rs 65 crore in Q2 FY26 despite revenue jumping more than 183 percent to Rs 13,590 crore, led primarily by Blinkit.

Eternal has also remained in the spotlight for its recent capital support to Blinkit. Earlier this month, the company infused Rs 600 crore into the quick-commerce platform, following two earlier injections of Rs 500 crore in January and Rs 1,500 crore in February. The total Rs 2,600 crore infusion in 2025 is aimed at funding Blinkit’s network expansion, managing operating losses and working-capital needs, and supporting capex, according to regulatory filings.

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