Goldman Sachs offloads Rs 169 Cr worth Eternal shares; BofA Securities buys

New Update

Goldman Sachs has sold 53.37 lakh shares of Eternal, the parent company of Zomato and Blinkit, for Rs 168.67 crore through a block deal. BofA Securities bought the same number of shares on October 15.

According to exchange data, Goldman Sachs sold 53,37,584 shares at Rs 316 each. BofA Securities purchased the shares at the same price. The transaction accounted for around 0.05% of Eternal's paid-up equity. 

The transaction comes weeks after large investors offloaded nearly Rs 3,265 crore worth of Eternal shares through bulk deals on August 31. BNP Paribas Financial Markets sold 5.09 crore shares worth Rs 1,670.86 crore, while Integrated Core Strategies (Asia), an affiliate of Millennium Management, sold 4.86 crore shares for Rs 1,593.96 crore.

Eternal reported revenue from operations of Rs 20,211 crore in Q1 FY27, compared with Rs 7,167 crore in the year-ago period. Its net profit rose to Rs 92 crore from Rs 25 crore a year earlier. However, profit declined from Rs 174 crore in the March quarter.

For FY26, the company's revenue from operations increased to Rs 54,364 crore from Rs 20,243 crore in FY25, while net profit fell to Rs 366 crore from Rs 527 crore.

Eternal operates Zomato's food delivery business and Blinkit, its quick commerce platform. Blinkit competes with Swiggy Instamart and Zepto in India's quick commerce market, where companies are expanding their store networks to improve delivery capacity.

Eternal shares are currently trading at Rs 323.6 (as on 09.37 AM) with a total market capitalization of Rs 3,11,947 crore.