Antfin to offload entire Rs 5,370 crore stake in Eternal via bulk deal

Antfin to dump whole Rs 5,370 crore stake in Eternal by way of bulk deal

Antfin Singapore Holding Pte. Ltd, an affiliate of Ant Group will promote its whole 1.95% stake—equal to 18.84 crore fairness shares—in meals supply firm Eternal by way of a bulk deal on Thursday. The ground value has been set at Rs 285 per share, valuing the deal at round Rs 5,370 crore ($612 million).

The ground value is at a 4.6% low cost over today’s closing value of Rs 300.05 on the NSE. Eternal shares today settled with declines of Rs 2.10 or 0.70% over the Tuesday closing value.

The placement brokers to this issue are Morgan Stanley India Company Private Limited and BofA Securities India Limited

This marks Antfin’s second exit from an Indian firm this week. On Tuesday, Ant Group affiliate Antfin (Netherlands) Holding B.V. divested its whole 5.84% stake in One 97 Communications, the mum or dad firm of Paytm.

Zomato and Blinkit’s mum or dad firm reported a 90% year-on-year (YoY) drop in consolidated internet revenue for Q1FY26, at Rs 25 crore in comparison with Rs 253 crore within the same quarter last yr. The income from operations stood at Rs 7,167 crore, up 70% from Rs 4,206 crore a yr in the past.
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The sharp decline in revenue was on account of the persevering with investments in fast commerce phase and going-out.”On the profitability front, consolidated Adjusted EBITDA declined 42% YoY to Rs 172 crore in Q1FY26, largely on account of the continuing investments in quick commerce and going-out, which were partly offset by the improvement in food delivery Adjusted EBITDA margin (as a % of NOV) to 5.0% from 3.9% a year ago,” said Akshant Goyal, CFO, CFO, Zomato.The internet order worth (NOV) of Eternal’s B2C companies grew 55% YoY and 16% quarter-on-quarter to Rs 20,183 crore in Q1FY26.

The firm also reported a 15% YoY bounce in its Q1FY26 bills to Rs 2,137 crore, primarily under heads such as ‘Delivery and associated costs’ and ‘Advertisement and gross sales promotion’. Expenses stood at Rs 1,936 crore in Q4FY25 and Rs 1,854 crore in Q1FY25.

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