Eternal Stake Sale: Antfin Singapore Holding Pte. Ltd, an affiliate of Ant Group, will offload its stake in food delivery giant Eternal—equivalent to 18.84 crore equity shares via a block deal. According to a term sheet accessed by Bloomberg, the floor price is reportedly set at Rs 285 per share.
Earlier today, NDTV Profit had reported that dealers indicate block deal soon. Sources said Antfin, which owns close to 2.1% stake, might look to sell its entire stake.
(This is a developing story)
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