Restaurant India News: Eternal Executes ₹1,535-Crore Block Deal; Stock Slips 1% After Early Gains

Eternal Ltd, the parent company of Zomato and Blinkit, saw a major block deal on Monday as 5.3 crore shares about 0.54% of its equity changed hands on the exchanges. The shares were sold at ₹290.4 each, valuing the total transaction at around ₹1,535 crore, exchange data showed.

The deal was executed at a 0.7% discount to Friday’s closing price of ₹292.4. Following the transaction, Eternal’s stock erased early gains and was trading 1.1% lower at ₹289 on the NSE around 10:30 am. The stock has risen 4.6% so far in 2025, giving the company a market capitalisation of over ₹2.6 lakh crore.

The sale follows earlier reports that an institutional investor planned to offload up to 0.5% equity at a floor price of ₹289.5 per share. Eternal has seen several large trades this year:
•    Mid-November: two block deals involving nearly 90 lakh shares worth ₹279 crore
•    June: 60.93 lakh shares traded for ₹156 crore at an average price of ₹256

Monday’s transaction adds to a steady trend of institutional activity around the stock, driven by Eternal’s rapid scale-up and developments in its quick-commerce business. In Q2 FY26, Eternal’s consolidated net profit fell 63% YoY to ₹65 crore, even as revenue surged 183% to ₹13,590 crore, led mainly by Blinkit.

The company has also remained in focus for its continued investments in Blinkit. Earlier this month, Eternal infused ₹600 crore into the platform, following earlier fund infusions of ₹500 crore in January and ₹1,500 crore in February—taking the total to ₹2,600 crore in 2025. The funds support Blinkit’s expansion, operating losses, working capital needs and capex, according to regulatory filings.