Home / Business and Economy / Eternal Shares See Major Stake Sale Amidst Q1 Surge
Eternal Shares See Major Stake Sale Amidst Q1 Surge
1 Sep
Summary
- BNP Paribas and Millennium Management sold shares worth Rs 3,265 crore.
- Eternal's Q1 FY27 operating revenue surged 182% to Rs 20,211 crore.
- The company reported a consolidated net profit of Rs 92 crore in Q1 FY27.
On August 31, large block deals involving Eternal, the parent company of Zomato and Blinkit, saw major stakeholders divest their holdings. BNP Paribas Financial Markets and an affiliate of Millennium Management collectively sold nearly 10 crore shares, with a total transaction value around Rs 3,265 crore. BNP Paribas offloaded approximately 5.09 crore shares for Rs 1,671 crore, while Integrated Core Strategies (Asia) sold about 4.86 crore shares for Rs 1,594 crore. The buyers in these substantial transactions were not disclosed.
This stake sale occurs in the wake of Eternal's impressive financial results for the first quarter of fiscal year 2027. The company announced a significant surge in operating revenue, which grew by 182% year-on-year to Rs 20,211 crore. Additionally, Eternal reported a consolidated net profit of Rs 92 crore for the June quarter. The company continues to focus on expanding its food delivery and quick commerce segments, with Blinkit being a notable growth driver.
Eternal's stock performance has been strong in recent months, with shares gaining 34.29% over the past six months, reaching Rs 326.15 as of September 1, 2026. Despite a slight dip on Tuesday, the stock reflects positive investor sentiment following the company's strategic moves and financial upturn.
