Back

Thakur Ambuj Singh

Entrepreneur & Creat... • 22d

Antfin, an affiliate of Alibaba Group, is reportedly set to sell 18.8 Cr shares of foodtech major Eternal in a block deal worth around INR 5,375 Cr (about $613 Mn). This comes a day after the investor exited fintech major Paytm. Citing sources, CNBC Awaaz reported that Antfin has set the floor price for the shares of Zomato parent at INR 285. This is a discount of 4.6% to the stock’s closing price of INR 298.9 today. As per Eternal’s shareholding available on exchanges, Antfin held a 1.95% stake in the company at the end of June quarter. The move comes amid rising investor interest in Eternal, driven by strong growth in its quick commerce vertical and decline in its losses. In Q1 FY26, Eternal saw a 90% YoY decline in its consolidated net profit to INR 25 Cr. However, operating revenue zoomed 70% to INR 7,167 Cr on the back of rapid growth in Blinkit.

Reply
9

More like this

Recommendations from Medial

Amit Kumar

Make it work, make i... • 1y

Zomato Block Deal: Antfin Singapore To Offload Shares Worth $408 Mn. Amid Zomato’s bull run on the bourses, Ant Group’s arm Antfin Singapore is reportedly looking to sell the foodtech giant’s shares worth $408 Mn (INR 3,422.84 Cr). As per a report

See More
Reply
4
Image Description
Image Description

gray man

I'm just a normal gu... • 3m

Shares of IdeaForge rallied 20% to hit the upper circuit at INR 463.20 during the intraday trading session on the BSE today, compared to its previous closing price of INR 386. ideaForge’s consolidated net loss surged 7% to INR 25.7 Cr in Q4 FY25 fro

See More
2 Replies
1
14

gray man

I'm just a normal gu... • 3m

Eternal, led by Deepinder Goyal, reported a steep 77.8% decline in its consolidated profit after tax (PAT), which dropped to INR 39 crore in Q4 FY25 from INR 175 crore in the same quarter last year. The sharp fall in profits comes despite strong reve

See More
Reply
27
Image Description

gray man

I'm just a normal gu... • 4m

Ahead of filing its draft red herring prospectus (DRHP), consumer services unicorn Urban Company’s founders cumulatively sold shares worth nearly INR 779.08 Cr through secondary transactions. According to the DRHP filed with SEBI on April 28 for a p

See More
1 Reply
11

gray man

I'm just a normal gu... • 4m

Amazon Injects INR 350 Cr Into Amazon Pay India To Boost UPI Presence Ecommerce giant Amazon has infused INR 350 Cr into its digital payments arm, Amazon Pay India, as part of its efforts to strengthen its footprint in the country’s competitive UPI

See More
Reply
21

gray man

I'm just a normal gu... • 3m

Dronetech company IdeaForge reported its third consecutive loss-making quarter in FY25. The company reported a consolidated net loss of INR 25.7 Cr in Q4 FY25, up 7% from INR 24 Cr loss it reported in the previous quarter. ideaForge had posted a net

See More
Reply
10

gray man

I'm just a normal gu... • 3m

B2B ecommerce company IndiaMART InterMESH Limited has completed the buyout of SaaS startup Livekeeping Technologies through a secondary deal worth INR 26.78 Cr ($3.1 Mn). It must be noted that IndiaMART initially acquired a majority 51.09% stake in

See More
Reply
11
Image Description

Vikas Acharya

Building WelBe| Entr... • 6m

Traya reported a net profit of INR 8.66 Cr in FY24 against a net loss of INR 27.83 Cr in the previous fiscal year Its operating revenue zoomed 284% to INR 236.04 Cr during the quarter under review from INR 61.43 Cr in FY23 Founded in 2019 by Saloni

See More
1 Reply
7

gray man

I'm just a normal gu... • 3m

ixigo, an online travel aggregator, witnessed a substantial surge in its consolidated net profit, reaching INR 16.8 Cr in the fourth quarter of fiscal year 2025. This represents a remarkable 127% jump compared to the INR 7.4 Cr profit reported in the

See More
Reply
9

gray man

I'm just a normal gu... • 3m

Airtel Payments Bank’s consolidated net profit jumped 82.6% to INR 63 Cr in the financial year ended March 31, 2025 (FY25) from INR 34.5 Cr in the previous fiscal year, driven by strong adoption of digital banking solutions. In Q4 FY25, its profit i

See More
Reply
11

Download the medial app to read full posts, comements and news.