Eternal Ltd, the parent company behind Zomato and Blinkit, has stirred fresh buzz in the market after a major block deal worth about 1,535 crore took place on Monday. The transaction involved nearly 5.3 crore shares, which equals roughly 0.54 percent of the company’s equity. These shares were exchanged at a price of 290.4 rupees each, a slight dip from the previous close. The move nudged the stock down by a little over one percent to 289 rupees, though it has still managed to show a steady rise through 2025.
This block deal did not come out of nowhere. Over the past few months, Eternal has consistently attracted large institutional trades. Big blocks were already seen in June and again in mid November. There have also been reports that an institutional investor has been exploring the idea of selling up to half a percent of equity, which adds to the sense that activity around the stock is intensifying.
The timing of all this is interesting because it comes during a period when the company is pouring serious energy into scaling Blinkit. Even though the company’s net profit for the second quarter of financial year twenty six dropped by sixty three percent to sixty five crore, the revenue picture tells a different story. Revenue surged by an impressive one hundred eighty three percent and touched nearly thirteen thousand five hundred ninety crore. The company attributes this leap to the aggressive expansion of its quick commerce business.
Earlier in the year, Eternal also infused about two thousand six hundred crore into Blinkit to strengthen its operations and push its footprint into new markets. With rising investor activity and rapid growth in quick deliveries, Eternal seems to be gearing up for a much larger play in the coming years.
