In a significant move that has caught the attention of investors and market watchers alike, Antfin—a major stakeholder—has decided to offload 18.84 crore shares of Eternal, a delivery technology company. The floor price for this stake sale has been set at Rs 285 per share, valuing the deal at approximately Rs 5,368 crore.

The details of this transaction emerged from a term sheet that Bloomberg accessed, confirming the floor price set for the shares. The block deal is expected to be closely followed by investors, given its size and the impact it may have on the market.

Antfin Singapore Holding Pte. Ltd, an affiliate of Ant Group, holds about 1.95 percent in Eternal and this entire stake is being put up for sale. The seller’s decision to exit such a sizeable position in one go is indicative of strategic portfolio realignment or a shift in investment focus.

Why This Matters:

Eternal is known in the delivery tech space, and for Antfin to liquidate its stake could signal changes in confidence levels or shifts in investment priorities. Large block deals such as this often influence stock prices and market sentiment, making careful monitoring essential for investors.

Market and Investor Perspectives:

Investors and analysts will be keenly observing how this stake sale plays out in the coming days. The floor price of Rs 285 per share is a benchmark that sets expectations for the deal and could influence trading levels of Eternal’s shares. Market response may also reflect broader sentiments about delivery tech and related sectors, especially as global and local market cues remain dynamic.

This announcement comes amid a backdrop of mixed market performances and sectoral volatility, where investors are juggling between growth opportunities and risk considerations. The outcome of this stake sale will likely contribute to shaping investor confidence in related sectors.

What’s Next:

The stake sale is anticipated to close soon, with further details to be disclosed as the transaction completes. Potential buyers will evaluate the floor price in light of ongoing market conditions, and the deal’s success could set a precedent for future stake sales either by Antfin or similar investors.

Given Antfin’s history of high-profile exits in other companies within India, this move adds to a pattern of strategic disengagement that may have broader implications for foreign investment perceptions in Indian tech startups.

In summary, Antfin’s offloading of 18.84 crore shares at a floor price of Rs 285 marks a major event in the Indian delivery tech space. Market participants will do well to watch closely how this block deal unfolds and what signals it sends for the sector’s future.