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Citigroup sells Swiggy shares worth Rs 12 Cr to BNP Paribas in bulk deal

EntrackrEntrackr · 1m ago
Citigroup sells Swiggy shares worth Rs 12 Cr to BNP Paribas in bulk deal
Medial

Citigroup Global Markets, the brokerage and investment banking subsidiary of US-based Citigroup Inc., has sold shares of Swiggy to BNP Paribas Financial Markets, the investment arm of French banking giant BNP Paribas, through a block deal. Citi has sold 3.2 lakh shares at Rs 381 each to Paribas Financial Markets worth Rs 12.2 crore, according to data accessed from the stock exchange via bulk deal. Swiggy posted Rs 4,410 crore revenue in the last quarter of the financial year ending March 31, 2025, along with a loss of Rs 1,081 crore in the same period. Swiggy's food delivery business remains a significant revenue driver, contributing 37%, followed by quick commerce. Swiggy’s stock is currently trading at Rs 392.2 (as of 11:42 AM), with a total market cap of Rs 96,030 crore.

BNP Paribas aligns with Eternal, offloads Swiggy stake

EntrackrEntrackr · 1d ago
BNP Paribas aligns with Eternal, offloads Swiggy stake
Medial

BNP Paribas aligns with Eternal, offloads Swiggy stake Institutional investors actively rotated positions in the stock market on Tuesday, with the food delivery space at the center of heavy bulk deals. The highlight of the session was French banking giant BNP Paribas Financial Markets exiting a large position in Swiggy while simultaneously emerging as a major buyer in Eternal, the parent entity of Zomato. In Swiggy, BNP Paribas offloaded shares worth around Rs 1,140 crore, while Societe Generale followed a similar strategy, selling shares worth Rs 608 crore. The total selloff was at around Rs 1,748 crore in the food delivery major Swiggy, reflecting heavy foreign institutional profit booking in the segment. On the other hand, BNP Paribas struck a contrasting move in Eternal, the parent company of Zomato and Blinkit. It turned into a massive buyer, acquiring shares worth nearly Rs 3,220 crore. The move signals a clear shift of focus towards Eternal while leaving behind Swiggy. Earlier this month, Alibaba Group affiliate Antfin Singapore Holding Pte. offloaded shares worth Rs 4,097 crore ($482 million) from Eternal through a bulk deal. The transaction involved the sale of 14.13 crore shares at a price of Rs 290 per share. Swiggy reported 54% year-on-year growth in its operating revenue to Rs 4,961 crore in the first quarter of FY26. However, the company’s losses almost doubled to Rs 1,197 crore in the same period. The company’s total market capitalization stands at Rs 1,06,765 crore (approx $12 Bn). On the other hand, Zomato’s parent Eternal reported 70% year-on-year growth in its operating revenue to Rs 7,167 crore in the first quarter of FY26. Meanwhile, the company reported a 90% fall in profit to Rs 25 crore during the quarter. The company’s total market capitalization stands at Rs 3,09,535 crore (approx $35 Bn). In May of this year, Swiggy's stock dropped to an all-time low of Rs 297. Conversely, Eternal's stock hit an all-time high of Rs 331 seven days prior, on August 20, 2025.

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