Eternal shares in focus as Antfin Singapore plans 1.9% stake sale via bulk deal
Order execution details
Trade and settlement timeline
Expected Trade Date: August 7, 2025 (T)
August 7, 2025 (T) Expected Settlement Date: August 8, 2025 (T+1)
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Shares of Eternal (formerly Zomato ) are expected to be in focus on Thursday as Antfin Singapore Holding plans to initiate a bulk deal to offload approximately 1.9% stake in the company in a cleanup trade.The deal, valued at Rs 53.7 billion (approx. USD 612 million), will be executed via screen-based trading on the Indian stock exchanges.According to the term sheet, the transaction will be carried out on the National Stock Exchange (NSE) and the BSE, and the offer size includes about 188.4 million shares, representing 1.9% of Eternal's total share outstanding (TSO).The floor price for the bulk sale has been set at Rs 285 per share, which represents a discount of approximately 4.63% to the stock's last closing price of Rs 298.85 on NSE as of August 6.The deal is being managed by Morgan Stanley India Company Private Ltd and BofA Securities India Ltd, who are acting as the placement agents for the transaction.This is a 100% secondary share sale, meaning that no new shares are being issued and all proceeds will go to the selling shareholder, Antfin Singapore Holding.The order books are scheduled to close around 7:00 AM IST on August 7, although there is an option to close earlier. Investors are required to issue execution instructions to either or both of the placement agents.If multiple orders are received from a single investor through both agents, the placement agents reserve the right to seek clarification and may choose to aggregate the orders. In the absence of such clarification, they may execute the orders at their discretion.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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