Chinese billionaire Jack Ma’s Ant Group has partially reduced its stake in Eternal, which operates the Zomato and the Blinkit brand. The Ant Group on Thursday sold its 1.46 percent stake in Eternal for Rs 4097 crore through a deal in the open market. According to information available about bulk deals on the National Stock Exchange (NSE), Antaphin Singapore Holding Private Limited sold more than 14.13 crore shares of Euntern. The deal took place at an average price of Rs 289.91 per share. Thus the total value of the deal was Rs 4096.75 crore.
Entphin’s stake in Eaterial declined from 1.95 percent to 0.49 percent
Following this deal, Antphin’s stake in Eternal has now come down from 1.95 percent to 0.49 percent. However, it has not been known about the deal which investors have purchased 14.13 crore shares sold by Entfin. Let us tell you that earlier, Ant Group had also sold its entire 5.84 percent stake in Paytm’s original company One 97 Communications for about Rs 3980 crore. In August last year, Antphin Singapore Holding sold 2 percent stake in Zomato (now Eternal) for Rs 4771 crore, while in March 2024, the company sold 2 percent stake for Rs 2827 crore.
Company shares closed with gains on Thursday
On Thursday, Eternal Shares closed at Rs 301.80 with a gain of Rs 2.90 (0.97%) on BSE. During yesterday’s trading, the company’s shares reached Intrade High of Rs 303.20 from Intrade Low of Rs 290.35. According to BSE data, Eternational shares are trading near their 52 weeks of high. The highest price of 52 weeks of Eternal shares is Rs 314.40, while the minimum price of 52 weeks is Rs 189.60. The current market cap of this online food and grocery delivery company is Rs 2,91,247.58 crore.
