Stake sale · Commerce & Consumer Brands

Investors sell Eternal shares in large block deal

By Startup Enthusiast · 1 September 2026

What they do

Eternal is the parent company of food delivery platform Zomato and quick-commerce service Blinkit

BNP Paribas and Millennium Management sold approximately 10 crore shares worth ₹3,264.8 Cr via block deals

The sale occurs ahead of an MSCI index rebalancing that may increase Eternal's weight in the fund

BNP Paribas and Millennium Management affiliate sold Eternal shares through block deals valued at ₹3,264.8 Cr.
The total transaction involved approximately 10 crore shares traded at an average price of ₹327.92 per share.
BNP Paribas sold 5.09 crore shares generating proceeds of ₹1,670.9 Cr from the transaction.
Integrated Core Strategies sold between 4.86 crore and 4.9 crore shares realizing approximately ₹1,594 Cr.
The buyer in these transactions remains undisclosed according to available reports.
This selling activity happens just before the MSCI index rejig effective on September 1, 2026.
Rebalancing is expected to increase Eternal's weightage in the index potentially driving further demand.
Eternal stock has risen over 30.9% in the past three months and is up 18% year-to-date.

The timing coincides with high liquidity and profit-booking trends among listed Indian startups like Lenskart and Paytm.
Previous exits by Antfin included a ₹4,772 Cr sale in August 2025 and a ₹2,827 Cr sell-off in March 2025.
The premium pricing suggests strong institutional interest despite significant prior shareholder exits.
Minor purchases by sellers indicate complex trading strategies around the index adjustment window.

Eternal operates as an umbrella group holding multiple consumer-facing technology platforms and services.
Its primary arm Zomato handles food discovery and delivery services across various Indian cities.
Blinkit serves as the quick-commerce division focusing on groceries and daily essentials delivery.
District manages retail marketing and community engagement initiatives within the broader ecosystem.
Hyperpure provides restaurant sourcing solutions supporting the operational needs of partner eateries.
The company recently banned dishes containing analogue dairy products including analogue paneer on its platform.
Zomato shut down customer support in Hyderabad and laid off approximately 240 employees recently.
The group faces competition from Rapido’s Ownly and potential entry by Flipkart in food delivery.

Eternal aims to achieve 100% EV-based food deliveries by the year 2033.
The company targets net-zero emissions across its entire food ordering and delivery value chain by 2033.

BNP Paribas Financial Markets (seller) — Global bank selling stake via block deal.
Integrated Core Strategies (Asia) Pte Ltd (seller) — Millennium affiliate selling stake via block deal.