Home / Business and Economy / Blinkit Bosses Lead Eternal's Insider Trading Spree After Stellar Q1
Blinkit Bosses Lead Eternal's Insider Trading Spree After Stellar Q1
21 Aug
Summary
- Over 1.3 crore shares worth ₹420 crore exercised in a single day
- Blinkit executives, led by CEO Albinder Dhindsa, accounted for 60% of all shares converted
- Executives pledged or sold over 42 lakh shares just two weeks later
In the weeks following Eternal's strong Q1 FY26 earnings report on July 21, 2025, the company's executives have been on a frenetic stock-trading spree. Just a week after the results, over 1.3 crore shares worth around ₹420 crore were exercised in a single day, accounting for 96% of all insider buys that month.
The activity was dominated by Blinkit, Eternal's quick commerce division. Blinkit's CEO Albinder Dhindsa alone converted 70 lakh shares worth ₹214.6 crore, making up the lion's share of the conversions. Other senior Blinkit leaders like Udit Gupta, Anish Srivastava, and Sajal Gupta also drove nearly 60% of all shares exercised.
However, the insider trading activity did not stop there. By mid-August, some of these same executives began pledging or selling portions of their newly acquired stock. Over 42 lakh shares were pledged or offloaded on August 12-13, with Dhindsa alone pledging 20 lakh shares and selling another 17 lakh.
Analysts say the scale and concentration of the stock option exercises, heavily skewed towards Blinkit, underlines the division's crown-jewel status within Eternal. It also reflects how employee stock options have become a cornerstone of wealth creation in India's new-age listed companies.
