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Antfin, an affiliate of Alibaba Group, is reportedly set to sell 18.8 Cr shares of foodtech major Eternal in a block deal worth around INR 5,375 Cr (about $613 Mn)
As per Eternal’s shareholding available on exchanges, Antfin held a 1.95% stake in the company at the end of June quarter
Overall, Antfin invested INR 189 Cr in Zomato and is now walking away with over INR 13,640 Cr. This translates to about 72X returns on its initial investment
Antfin, an affiliate of…
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Antfin, an affiliate of Alibaba Group, is reportedly set to sell 18.8 Cr shares of foodtech major Eternal in a block deal worth around INR 5,375 Cr (about $613 Mn)
As per Eternal’s shareholding available on exchanges, Antfin held a 1.95% stake in the company at the end of June quarter
Overall, Antfin invested INR 189 Cr in Zomato and is now walking away with over INR 13,640 Cr. This translates to about 72X returns on its initial investment
Antfin, an affiliate of…
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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