Goldman Sachs Bank Europe SE-ODI executed a block deal on Friday, selling shares worth Rs 355.32 crore in Eternal Ltd, the parent company of popular food delivery platform Zomato. The sale involved 1.08 crore shares amounting to a 0.11% stake in the company at Rs 329 per share, as per the data available on the National Stock Exchange (NSE). The entire stake was acquired by BofA Securities Europe SA, highlighting an ongoing reshuffle among key institutional investors in Eternal Ltd.
Previous Transactions and Major Exits by Institutional Investors:
This stake sale forms part of a series of transactions involving Goldman Sachs and other prominent investors in Eternal Ltd. In March 2025, Goldman Sachs Singapore acquired shares worth Rs 120 crore, and in November 2023, it had bought another batch valued at Rs 122.84 crore. Meanwhile, BofA Securities Europe SA had earlier bought 1.3 crore shares for Rs 112.7 per share, with the deal then amounting to Rs 146.5 crore. A major exit was recorded recently when Antfin Singapore Holding Pte, an affiliate of Alibaba Group, offloaded shares worth Rs 4,097 crore via a bulk deal. Antfin held about 2.08% stake, representing nearly 18.84 crore shares until the end of the June 2025 quarter.
Current Market Performance of Eternal Ltd:
Despite a 0.23% increase in the benchmark Nifty 50 index, Eternal’s stock showed relative resilience as it ended the transaction slightly lower by 0.17% at Rs 328.45 per share on the NSE. As a result of investors’ cautious optimism, the share price has increased by 22.10% over the past 12 months and 18.13% so far this year. Four of the 33 analysts who follow the firm advise selling, while the majority—29—retain a “buy” rating. The stock has a 2.1% upside potential, according to the average 12-month price estimate of Rs 335.41.
Eternal Ltd Financial Performance Reflects Strong Revenue Growth Amid Profitability Challenges:
Eternal Ltd, the parent company of Zomato, has reported impressive revenue growth despite facing profitability headwinds in recent quarters. In Q1 FY26, the company’s revenue surged by 70.4% year-on-year to reach Rs 7,167 crore, showcasing robust business expansion largely driven by its quick-commerce segment. However, net profit plummeted by 90% to Rs 25 crore compared to the same period last year, primarily due to increased expenses related to rapid business investments and marketing efforts. The continuing push in quick commerce, which now accounts for nearly half of the company’s annualized net order value, has been a major contributor to rising operating costs and lower margins. Nonetheless, market analysts remain cautiously optimistic about Eternal’s recovery potential, citing its strong growth trajectory and anticipated improvements in profitability as investments mature and market conditions stabilize. The company’s stock has reflected this mixed performance, rallying after earnings announcements but facing volatility amid ongoing market challenges.
NSE Revises Market Lot Sizes
The NSE has announced changes to market lot sizes for important index derivatives, which will take effect on October 28, 2025, in line with market trends. In accordance with Securities and Exchange Board of India (SEBI) regulations, the lot size for the Nifty 50 index would be lowered from 75 to 65 and for the Bank Nifty from 35 to 30. Beginning in January 2026, these updated lot sizes will be applicable to both weekly and monthly contracts, which could have an effect on the volume and tactics of derivative trading for companies like Eternal Ltd.
The Goldman Sachs block deal marks a continued realignment among significant shareholders in Eternal Ltd, coinciding with steady share performance and evolving trading conditions on the NSE. Investors and market watchers will be closely monitoring future stake movements and operational developments at Zomato’s parent company.
