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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 · 5m 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.

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