As per reports, it is expected that Antfin will sell approximately 18.85 crore shares in Eternal as part of a block deal.

The term sheet showed that the clean-up trade was made at a 4.63% discount to Eternal’s closing share price on 6 August.

China's Alibaba Group is likely to exit India's Eternal in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on Wednesday, citing sources.

Despite such a big transaction, Eternal shares closed the session higher at Rs 301.75, up nearly a percent amid higher volumes.

This strategic exit move by Antfin underscores a broader realignment of shareholding in the Indian fintech major, coming amid growing investor interest and evolving regulatory oversight in India’s digital payments space.

In a significant move reflecting China-based Ant Group’s continuing retreat from Indian tech investments, Antfin Singapore Holding Pte Ltd is set to divest its entire stake in Eternal Ltd, the parent company of Zomato and Blinkit,

Antfin Singapore, an Ant Group affiliate, plans to sell its entire stake in Eternal. The sale involves 18.84 crore shares via a block deal. The floor price is set at Rs 285 per share. The deal is valued at approximately Rs 5,