Archive · 4 Oct 2025
Goldman Sachs Sells More Eternal Shares, Raising INR 355.3 Cr
Goldman Sachs, a financial company, has sold more shares of Eternal, a food delivery company, for a large sum of money.
This is the third time in a month that Goldman Sachs has sold its shares, aiming to profit from Eternal's rising stock price.
The shares were bought by BofA Securities Europe SA.
Despite positive outlooks from some firms, Eternal's profit plunged in the latest quarter, even though its revenue increased.
The stock has been doing well recently, but competition is increasing.
Goldman Sachs sold 1.08 Cr shares of Eternal for INR 355.3 Cr.
The shares were sold at INR 329 each.
BofA Securities Europe SA bought the shares.
The stake sale comes as Goldman Sachs looks to book profits.
Eternal's consolidated net profit plunged over 90% in Q1 FY26.
- Who
- Goldman Sachs sold shares of foodtech company Eternal.
- What
- Goldman Sachs sold 1.08 Cr shares of Eternal for INR 355.3 Cr.
- When
- The sale occurred yesterday.
- Where
- The sale took place through a block deal on the National Stock Exchange (NSE).
- Why
- Goldman Sachs is booking profits amid an upswing in Eternal shares.
- Seller
- Goldman Sachs
- Buyer
- BofA Securities Europe SA
- Shares Sold
- 1.08 Cr
- Sale Value
- INR 355.3 Cr
- Share Price
- INR 329
- Eternal Share Price (All-time high)
- INR 343.95 (Sept 22)
- Eternal Stock Performance (3 months)
- Up 26%