India, Aug. 7 -- Update | August 9, 01:03 AM

A day after reports surfaced that Antfin was looking to exit Eternal, the Alibaba Group's affiliate offloaded 14.13 Cr shares of the foodtech company on Thursday (August 7).

The investor sold the shares at INR 289.91 apiece, translating to INR 4,096.7 Cr block deal.

Original | August 6, 07:40 PM

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). This comes a day after the investor exited fintech major Paytm.

Citing sources, CNBC Awaaz reported that Antfin has set the floor price for the shares of Zomato parent at INR 285. This is a discount of 4.6% to the stock's closing price ...