Antfin Plans ₹5,375 Cr Stake Sale in Eternal Ltd, Zomato’s Parent Company

In a major development for India’s tech and delivery space, Alibaba-backed Antfin Singapore Holding Pte Ltd is likely to exit its entire stake in Eternal Ltd, the parent company of food delivery giant Zomato.

According to a CNBC-Awaaz report citing sources, Antfin will offload 18.84 crore shares of Eternal Ltd via a block deal, with a total deal size estimated at ₹5,375 crore.

Floor Price Set at ₹285 per Share

The report highlights that the floor price for the block deal has been fixed at ₹285 per share, which is about 5% lower than Zomato’s current market price. This discount suggests a strategic pricing move, potentially to attract institutional buyers and ensure swift completion of the transaction.

“The deal marks Antfin’s full exit from Eternal Ltd, where it held a 1.95% stake as of June 2025,” as per exchange data.

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Morgan Stanley Likely to Broker the Transaction

Leading global financial services firm Morgan Stanley is expected to act as the broker for this block deal, adding further credibility and structure to the transaction. The execution of this high-value deal is likely to be monitored closely by both domestic and international investors.

What It Means for Zomato and the Market

While the sale represents a complete exit for Antfin, it could open up opportunities for new institutional or strategic investors to take a position in the parent of Zomato. It also reflects a broader trend of early backers in Indian tech startups unlocking value through stake sales as companies mature post-listing.

Given the size of the deal and the discount involved, market participants will be keen to see how the stock reacts once the deal goes through.