During Thursday’s trading session, shares of one of the leading online Food Service platforms in terms of the value of food sold moved down by nearly 3 percent on the BSE. The dip followed reports that Alibaba-backed Antfin Singapore Holding plans to divest its entire stake through a Rs. 5,375 crore block deal.
At 01:45 p.m., the shares of Eternal Limited were trading in the red at Rs. 296.7 on BSE, down by around 1 percent, as against its previous closing price of Rs. 298.9, with a market cap of Rs. 2.86 lakh crores. The stock has delivered positive returns of over 11 percent in the last one year, and has gained by around 14 percent in the last one month.
What’s the News
Antfin Singapore Holding Pte Limited, backed by Alibaba, is reportedly planning to offload its entire stake in Eternal Limited, the parent company of Zomato, via a block deal estimated at Rs. 5,375 crores, according to sources familiar with the matter. The sale involves 18.84 crore equity shares, with the floor price set at Rs. 285 per share. Morgan Stanley is expected to act as the broker for the transaction.
As of the June 2025 shareholding data available with the BSE, foreign investor Antfin Singapore Holding Pte Limited held a 1.95 percent stake or 18.84 crore shares in Eternal Limited.
Financials & more
Eternal reported a significant growth in its revenue from operations, showing a year-on-year increase of around 70 percent from Rs. 4,206 crores in Q1 FY25 to Rs. 7,167 crores in Q1 FY26. In contrast, its net profit decreased during the same period from Rs. 253 crores to Rs. 25 crores, representing a decline of about 90 percent YoY.
Eternal Limited provides restaurant partners with industry-specific marketing tools to acquire customers, providing delivery partners with transparent and flexible earning opportunities.
The company’s technology platform connects customers, restaurant partners, and delivery partners, and other intermediaries such as call centre operators serving their multiple needs. Customers use the platform to search/discover restaurants, read/write reviews, upload photos, order food, book tables, and make payments while dining out.
Written by Shivani Singh
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