Overview

• Alibaba affiliate Antfin Singapore Holding Pte Ltd sold 18.84 crore shares of Eternal at a floor price of Rs 285 each, representing a 5% discount in the August 7 block deal.
• The transaction marks a clean-out of Antfin’s entire 1.95% stake in Eternal, raising around Rs 5,375 crore.
• This sale follows Antfin’s exit from Paytm earlier in the week, underscoring Chinese fintech firms’ shift in Indian market exposure.
• Eternal’s Q1FY26 net profit plunged 90% year-on-year to Rs 25 crore, alongside a 70% revenue increase to Rs 7,167 crore.
• Persistent investments in Blinkit along with the going-out vertical drove adjusted EBITDA down 42% to Rs 172 crore, sustaining margin pressures.