Eternal Block Deal: Antfin To Offload Entire Stake, Sets Floor Price At Rs 285/Share

Eternal Stake Sale: Antfin Singapore Holding Pte. Ltd, an affiliate of Ant Group, will offload its entire stake in food delivery giant Eternal—equivalent to 18.84 crore equity shares—via a block deal, Bloomberg reported on Wednesday. The shares will be sold at a 4.63% discount to the current market price, with a 90-day lockup period for the sellers.

NDTV Profit had reported earlier today that Antfin is looking to sell its stake in Eternal. According to a term sheet accessed by Bloomberg, the floor price of the deal is set at Rs 285 per equity share. Antfin held nearly 18,84 crore shares in the Zomato parent till the end of June 2025 quarter, as per the shareholding data available with the stock exchanges.

In 2024, Antfin Singapore Holding Pte. offloaded stakes in Zomato Ltd. for $408 million. A total of 13.6 crore shares was sold at a floor price of Rs 251.68 apiece, amounting to Rs 3,422 crore as the total deal value. The firm had a 4.24% stake in the food delivery company as of June 2024. By March 2025, the stake came down to 1.95%.

Eternal recently approved its foreign institutional investor (FII) holding cap at 49.5%. The FII holding as of the June 2025 quarter was at 42.34%. After the Antfin stake sale, the FII holding of Eternal will come down to 40.39%.

On Wednesday, shares of Eternal settled 0.70% lower at Rs 300.05 apiece. The new-age stock has gained 8.52% on a year-to-date basis and 13% in the last one year. Zomato reported a 90% year-on-year fall in its June quarter consolidated net profit to Rs 25 crore. Revenue from operations in Q1FY26 stood at Rs 7,167 crore, which was up by 70.4% over Rs 4,206 crore in the corresponding quarter of the previous financial year.