Alibaba Group’s Antfin Singapore is expected to fully divest its 2.08% stake in India’s Eternal through a block deal worth 53.75 billion rupees ($613 million), according to a CNBC-Awaaz report on Wednesday. The sale will be priced at 285 rupees per share, reflecting a 4.6% discount to Eternal’s latest closing price.
- Antfin Singapore to sell 2.08% stake in Eternal.
- Deal valued at 53.75 billion rupees ($613 million).
- Block deal floor price set at 285 rupees per share.
- Discount of 4.6% to Eternal's last closing price.
- Eternal owns Zomato and Blinkit businesses.
Relevant Companies
- Alibaba Group (BABA) – Divesting its minority stake in Eternal through Antfin Singapore, exiting a key Indian digital asset.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/Nvidia%20logo%20on%20phone%20screen%20with%20stock%20chart%20by%20xalien%20via%20Shutterstock.jpg)
/Quantum%20Computing/A%20concept%20image%20of%20a%20green%20and%20yellow%20motherboard_%20Image%20by%20Gorodenkoff%20via%20Shutterstock_.jpg)
