Eternal shares in focus as 0.5% stake likely to be offloaded via Rs 1,500 crore block deal

The shares of Eternal, the parent company of Zomato, will be in the spotlight on Monday, December 8, as 0.5% of its stake is set to be offloaded by an undisclosed institutional investor through a block deal valued at up to Rs 1,500 crore.

According to sources cited by NDTV Profit, the shares will be sold at an offer price of ₹289.5 apiece, representing a marginal 1% discount to the current market price.

The stake sale comes at a time of heightened activity in the quick-commerce space, with rivals like Zepto and Swiggy also engaging in capital-raising efforts.


Zepto is reportedly raising $300 million from domestic investors, while Swiggy is eyeing a $1.1 billion raise through a qualified institutional placement.

Eternal share price history

Over the past year, the shares of Eternal have slipped 2.37%, reflecting a mild but noticeable decline. Despite this, the year‑to‑date performance remains positive, with the stock up 5.75%.

The six‑month trend shows even stronger momentum, registering a 13.97% gain during that period.

However, the shorter‑term picture softens: over the last three months, the stock has declined 11.18%, and in the past one month alone, it has fallen 6.72%.

Technical charts indicate weakness

The shares of Eternal are currently trading below all its significant short, medium as well as long-term daily exponential moving averages (DEMA).

The stock is currently trading near the 33 mark on the Relative Strength Indicator (RSI), according to Trendyne data. An RSI below 30 is considered oversold, and above 70 is overbought.

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