Archive · 6 Aug 2025
Antfin to Sell Eternal Stake in $612 Million Block Deal
Antfin, a part of Alibaba, is selling its shares in the food and grocery delivery company Eternal for a large sum of money.
This is happening shortly after they sold their shares in another company called Paytm.
The sale is worth $612 million, and they are selling almost 2% of Eternal.
This means Antfin is pulling out of their investments in India.
Meanwhile, Eternal's quick-commerce business, Blinkit, is doing well, nearly matching its food delivery business in sales.
This signals a change in the company's main sources of income.
Antfin, a unit of Alibaba Group, is selling its entire 1.95% stake in Eternal.
The block deal is valued at $612 million and involves 188.4 million shares.
The sale follows Antfin's exit from financial services firm Paytm.
Eternal's shares closed at ₹300.05 on Wednesday, 0.7% lower.
Blinkit, Eternal's quick-commerce arm, nearly equaled its food delivery business in net order value.
- Who
- Antfin, a unit of Alibaba Group, is selling its stake.
- What
- Antfin is selling its stake in Eternal.
- When
- The order book opens on Wednesday and is expected to close on Thursday.
- Where
- In India.
- Why
- The reason for the sale is not explicitly stated.
Investors cheering on quick-commerce growth
Food delivery business seeing decline
Blinkit's effect on investor sentiment
Investors cheering on quick-commerce growth
Investors overlooked weakness in the food delivery business and cheered the earnings show of its quick commerce arm—Blinkit
Food delivery business seeing decline
The article doesn't specifically offer a contrasting view here
- Seller
- Antfin (Alibaba Group)
- Buyer
- Undisclosed (block deal)
- Stake being sold
- 1.95%
- Shares sold
- 188.4 million
- Deal Value
- $612 million
- Eternal's Market Cap
- ₹2.89 trillion (as of Wednesday's close)
