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Foodtech and quick commerce platform Eternal (formerly Zomato) witnessed large bulk deals on August 31, with financial services giant BNP Paribas and Millennium Management affiliate Integrated Core Strategies (Asia) offloading shares worth a combined Rs 3,265 crore or nearly $344 million. According to NSE data, BNP Paribas Financial Markets sold 5.09 crore shares at Rs 327.93 per share, amounting to around Rs 1,671 crore. Integrated Core Strategies (Asia) sold 4.86 crore shares at Rs 327.90 each, taking the deal value to around Rs 1,594 crore. The transactions involved nearly 10 crore Eternal shares, while the buyers were not disclosed. Separately, Integrated Core Strategies (Asia) Pte. Ltd. and BNP Paribas purchased small quantities of Eternal shares worth Rs 35.4 lakh and Rs 2.06 crore, respectively. Financially, Eternal continued to report strong results. In Q1 FY27, its operating revenue surged 182% YoY to Rs 20,211 crore, while it reported a consolidated net profit of Rs 92 crore. The latest transaction comes nearly a year after Antfin’s previous major exit from Eternal. The Alibaba affiliate had sold shares worth Rs 4,772 crore in August 2025, following an earlier Rs 2,827 crore sell-off in March 2025. As of 2:30 PM today, Eternal’s shares were trading at Rs 325.5 apiece, valuing the company at a market capitalization of Rs 3,13,299 crore, or nearly $33 billion. Indian tech stocks have seen a flurry of block and bulk deals in recent months, with marquee names such as Lenskart, Paytm and Meesho witnessing significant investor activity. The transactions have largely involved early backers and institutional investors trimming their holdings, which shows high liquidity and profit-booking in the listed startup space.
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