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BNP Paribas aligns with Eternal, offloads Swiggy stake

EntrackrEntrackr · 1m 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.

Paytm grants new ESOPs ahead of quarterly results

EntrackrEntrackr · 4m ago
Paytm grants new ESOPs ahead of quarterly results
Medial

One 97 Communications Ltd, the parent company of Paytm, has announced the grant of 1,04,400 stock options to eligible employees under its existing One 97 Employees Stock Option Scheme 2019 (ESOP 2019). The grant was approved during a meeting of the company’s Nomination and Remuneration Committee held on May 6, 2025. Each stock option is convertible into one fully paid-up equity share of Rs 1 face value, and the exercise price for these options has been set at Rs 9 per share. According to the current market share price, the ESOP granted is worth Rs 8.7 crore. Additionally, the committee acknowledged the voluntary forfeiture, cancellation, and lapse of a total of 6,60,284 stock options, comprising 2,24,685 options cancelled and 4,35,599 options that lapsed under the scheme’s terms. Paytm is set to file its quarterly results for the fourth quarter (Q4FY25) today. It recorded Rs 1,828 crore revenue and Rs 208 crore loss in the third quarter of the previous financial year.

Zomato board approves renaming company to ‘Eternal’

EntrackrEntrackr · 7m ago
Zomato board approves renaming company to ‘Eternal’
Medial

Zomato board approves renaming company to ‘Eternal’ Food tech major Zomato has received board approval to change its legal name from ‘Zomato Ltd’ to ‘Eternal Ltd.’ On February 6th, Zomato’s board approved a resolution to rename the company from ‘Zomato Limited’ to ‘Eternal Limited,’ according to a regulatory filing sourced from the National Stock Exchange. “When we acquired Blinkit, we started using “Eternal” (instead of Zomato) internally to distinguish between the company and the brand/app. We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. Today, with Blinkit, I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd,” said Deepinder Goyal, founder and CEO of Zomato. Goyal added that the company’s corporate website will transition from zomato.com to eternal.com. Additionally, its stock ticker will change from ZOMATO to ETERNAL. As of now, Eternal will comprise four major businesses: Zomato, Blinkit, District, and Hyperpure. The development comes weeks after Zomato’s quarterly results and a couple of months after its $1 billion fundraise via QIP. The Gurugram-based company’s revenue from operations surged 64.4% to Rs 5,405 crore in Q3 FY25, compared to Rs 3,288 crore in Q3 FY24. However, its profit took a hit, slipping 57.2% YoY to Rs 59 crore during the period. Meanwhile, the company re-entered the 10–15 minute food delivery space and invested Rs 500 crore in its quick commerce subsidiary, Blinkit. Zomato also made history as the first new-age Indian tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in India’s benchmark index of the top 30 companies.

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