China's Alibaba to exit India's Eternal via block deal, CNBC-Awaaz reports (updated)

Eternal

06/08/2025 13:22

Adds more details from the CNBC-Awaaz report

Aug 6 (Reuters) - China's Alibaba Group is likely to exit India's Eternal ETEA.NS in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on Wednesday, citing sources.

Alibaba's unit Antfin Singapore, which had a 2.08% stake in Eternal as of June-end, will offload all of it at a floor price of 285 rupees, the report said.

That implies a 4.6% discount to Eternal's closing price on Wednesday.

Antfin and Eternal, which houses food delivery business Zomato and quick commerce arm Blinkit, did not immediately respond to Reuters' requests for comment.

($1 = 87.6900 Indian rupees)

 (Reporting by Anuran Sadhu and Hritam Mukherjee in Bengaluru; Editing by Arun Koyyur and Shilpi Majumdar)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))