Blinkit parent Eternal’s board clears plan to cap foreign ownership at 49.5%

April 19, 2025

, By The Economic Times

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The board of food and grocery delivery company Eternal has approved a proposal to cap foreign ownership in the firm at 49.5%, it said in a notice to the exchanges. The move is aimed at providing “greater operational flexibility” to its quick commerce unit, Blinkit, by allowing it to hold inventory — rather than operate solely as a marketplace, as required under India’s foreign investment rules.

As of March 31, Eternal’s domestic ownership stood at 55%, the company said in a regulatory filing. “As a result, the company now qualifies as an…

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Blinkit parent Eternal’s board clears plan to cap foreign ownership at 49.5%

April 19, 2025

, By The Economic Times

The board of food and grocery delivery company Eternal has approved a proposal to cap foreign ownership in the firm at 49.5%, it said in a notice to the exchanges. The move is aimed at providing “greater operational flexibility” to its quick commerce unit, Blinkit, by allowing it to hold inventory — rather than operate solely as a marketplace, as required under India’s foreign investment rules.

As of March 31, Eternal’s domestic ownership stood at 55%, the company said in a regulatory filing. “As a result, the company now qualifies as an…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

COP30 President expects China to set ‘ambitious’ climate targets

Next News

US chipmakers fear they are ceding China’s AI market to Huawei

The Economic Times

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