Latest news with #AntfinSingaporeHolding
Time of India
6 days ago
- Business
- Time of India
Eternal shares in focus as Antfin Singapore plans 1.9% stake sale via bulk deal
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. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program 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. Live Events 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. Order execution details 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. Trade and settlement timeline Expected Trade Date: August 7, 2025 (T) Expected Settlement Date: August 8, 2025 (T+1) Also read: Nazara Technologies board to consider bonus issue, stock split on Aug 12; stock jumps 2% ( Disclaimer : 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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Business Standard
6 days ago
- Business
- Business Standard
Antfin exits Eternal with ₹5,370 crore stake sale at ₹285 floor price
Antfin Singapore Holding to exit Eternal (formerly Zomato) with Rs 5,370 crore block deal at Rs 285 per share, days after selling entire Paytm stake for Rs 3,800 crore BS Reporter
