BNP Paribas, Millennium affiliate sell ₹3,265 crore of Eternal shares in bulk deals

BNP Paribas Financial Markets and Integrated Core Strategies (Asia), a Millennium affiliate, sold a combined 9.95 crore Eternal shares at about ₹328 each. The transactions totalled roughly ₹3,265 crore, amid strong reported revenue growth at the food-delivery and quick-commerce company.

— Source publishedTue, 1 Sept, 2026, 14:32 IST·First seen Tue, 1 Sept, 2026, 14:32 IST·Source Entrackr

What happened

Eternal (formerly Zomato) · BNP Paribas and Millennium affiliate Integrated Core Strategies sold Eternal shares worth Rs 3,265 crore in bulk deals. The Indian

Key facts

  • Rs 3,265 crore combined share sale
  • Nearly $344 million combined share sale
  • BNP Paribas sold 5.09 crore shares at Rs 327.93 per share
  • BNP Paribas sale value: around Rs 1,671 crore
  • Integrated Core Strategies sold 4.86 crore shares at Rs 327.90 each
  • Integrated Core Strategies sale value: around Rs 1,594 crore
  • Eternal Q1 FY27 operating revenue: Rs 20,211 crore, up 182% YoY
  • Eternal Q1 FY27 consolidated net profit: Rs 92 crore
  • Antfin sold Rs 4,772 crore of shares in August 2025
  • Antfin sold Rs 2,827 crore of shares in March 2025
  • Share price: Rs 325.5
  • Market capitalization: Rs 3,13,299 crore, nearly $33 billion

Why this matters

The sizeable, liquid bulk deals underscore Eternal’s capital-markets depth while potentially broadening its shareholder base, an important consideration for future strategic financing or transaction flexibility.

What to watch

  • Further bulk deals or exchange disclosures indicating additional institutional selling.
  • Sustained trading below the approximately ₹328 bulk-deal level on above-average volume.
  • Quarterly growth slowing while quick-commerce losses, investment intensity or cash burn rise.
  • Improved contribution margins or adjusted profitability that validates growth spending.
  • Changes in promoter, strategic-investor or foreign-portfolio ownership concentrations.
  • Track post-block-deal disclosures for additional reductions by BNP Paribas Financial Markets, Millennium-linked entities or other large institutional holders.
  • Watch whether Eternal communicates operating updates, profitability milestones or capital-allocation commentary to counter an ownership-change narrative.
  • Monitor share-price behavior versus the bulk-deal price, delivery volumes and block-trade participation for evidence that supply has been fully absorbed.
  • Expect investor focus to intensify on Blinkit store expansion, quick-commerce unit economics, cash use and consolidated margin progression in the next results cycle.

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