Eternal Shares Tumble 4.5% on Foreign Shareholding Cap Announcement May 27, 2025
Eternal Faces $840 Million Potential Outflow as FTSE and MSCI Reduce Weightage May 26, 2025
Eternal Faces $840 Million Outflow Risk as FTSE and MSCI Slash Weightings May 24, 2025
More news about Eternal
23May 25
Eternal Ltd: FTSE and MSCI Weight Changes Could Trigger $840 Million Outflows
Eternal Ltd, a major Indian stock, is experiencing significant changes in its global index weightings. FTSE Russell has announced a reduction in Eternal Ltd's investability weight due to a lower foreign ownership limit, effective May 27. MSCI is expected to make similar adjustments after May 30. These changes could potentially lead to outflows of approximately $840 million from Eternal Ltd's stock, impacting its liquidity and price in the short term.
Zomato's Parent Company Eternal Ltd Secures Prime Office Space in Mumbai
Eternal Ltd, Zomato's parent company, has leased 84,157 square feet of office space in Andheri East, Mumbai, for five years starting May 1, 2025. The lease costs ₹1.34 crore monthly, totaling ₹95.00 crore over the lease period. This move suggests expansion beyond food delivery, strengthening presence in Mumbai, long-term commitment, and potential for new ventures.
05May 25
Eternal Ltd. Shows Promising Signs in Food Delivery and Quick Commerce Sector
Eternal Ltd. (formerly Zomato) reported a 9.62% increase in quarterly revenue to ₹6,201.00 crore, despite urban spending slowdown. Net profit reached ₹39.00 crore, down 33.90% from the previous quarter. EBITDA improved by 6.28% to ₹440.00 crore, indicating better cost management. However, operating profit margin decreased to 1.23% from 3.00%. Total expenses rose 9.88% to ₹5,761.00 crore, reflecting ongoing investments in growth. The results suggest progress towards a sustainable business model in the competitive food delivery and quick commerce sector.
Eternal (Formerly Zomato) Reports 78% Drop in Q4 Profit Despite 64% Revenue Surge
Eternal reported a 63.8% year-over-year increase in revenue from operations, reaching 5,833.00 crore in Q4FY25. However, consolidated net profit declined by 77.7% to 39.00 crore, a steeper drop than analysts expected. The results suggest strong performances in Hyperpure and Blinkit segments, contributing to revenue growth, while rapid expansion likely impacted profitability. Investors will focus on the company's strategies to balance growth with profitability in coming quarters.
Eternal Ltd. (formerly Zomato) will announce Q4 and FY25 results on May 1, 2025. Analysts predict a 52% QoQ revenue increase to ₹5,824.00 crore, driven by food delivery and Blinkit expansion. However, profits are expected to drop 76% to ₹42.10 crore due to Blinkit scaling costs and discounting pressures. The company, recently added to the Nifty 50 index, has seen a 15% stock increase since inclusion. A trading window closure is in effect from March 15 until 48 hours post-results announcement.
Eternal Ltd. Caps Foreign Shareholding at 49.5%, Potential Impact on MSCI Weightage
Eternal Limited (formerly Zomato) has imposed a 49.5% cap on foreign shareholding, which may affect its weightage in the MSCI index. Despite this, 80% of analysts maintain 'buy' ratings, viewing the move as a strategy to strengthen the company's business moat. The decision could lead to short-term capital intensity but may be offset by potential margin expansion in the quick commerce segment. The stock has recently experienced a correction despite positive analyst sentiment.
Zomato's COO Resigns as Company Prepares for Rebranding to 'Eternal'
Zomato Ltd, a leading Indian food delivery platform, announced significant changes. COO Rinshul Chandra will resign on April 7, 2025, after seven years with the company. Zomato plans to rebrand as 'Eternal' on April 9, 2025, encompassing its four core verticals: food delivery, Blinkit, Hyperpure, and dining-out platform District. This rebranding reflects the company's evolution into a diversified technology company.
03Apr 25
Zomato to Rebrand as 'Eternal': Name and Ticker Change Set for April 9
Zomato, the food delivery and restaurant discovery platform, has announced plans to change its company name and stock ticker to 'Eternal'. The rebranding is set to take effect on April 9, as disclosed to the National Stock Exchange of India. This move marks a significant corporate change, though the company's core business remains unchanged. The rebranding suggests a vision of longevity in the market, and investors will be watching for any impact on market perception and stock performance.
The National Company Law Tribunal (NCLT) has rejected an insolvency petition filed against Zomato by Nona Lifestyle, a B2B apparel manufacturer. The petition, which claimed unpaid dues of ₹1.64 crore for rider uniforms and merchandise, was dismissed. Zomato had denied the allegations, stating all payments were made on time. This legal victory reinforces Zomato's financial stability, protects its reputation, and ensures operational continuity.
03Apr 25
Zomato Shares: Major Block Trade Worth ₹22.19 Crore Executed on NSE
A significant block trade of 1,044,282 Zomato Ltd. shares was executed on the NSE, valued at ₹22.19 crore. The transaction occurred at ₹212.46 per share, potentially indicating strategic moves by large investors in the food delivery sector.
01Apr 25
Zomato Trims Workforce: 600 Customer Support Employees Laid Off
Zomato, a leading Indian food delivery platform, has laid off 600 employees from its customer support team. This significant workforce reduction comes in response to a reported slowdown in food delivery services and likely aims to optimize costs and streamline operations. The move reflects broader challenges in the food delivery sector and Zomato's efforts to adapt to changing market conditions. While this decision may improve operational efficiency, its impact on customer experience and overall company performance remains to be seen.
Zomato Shares in Focus: Major Stake Sale and Nifty 50 Inclusion
Kadensa Master Fund sold a 0.06% stake (60.07 lakh shares) in Zomato for Rs 119.80 crore. Goldman Sachs (Singapore) Pte-ODI acquired these shares at Rs 199.50 each. Zomato has been included in the NSE Nifty 50 index, potentially bringing in Rs 3,351.00 crore from passive funds. These developments are expected to increase liquidity, broaden the investor base, and enhance Zomato's visibility in the market.
26Mar 25
Zomato Shares in Focus: Major Block Trade Worth Rs. 39.41 Crores Executed
A significant block trade of 1,946,062 Zomato shares was executed on the National Stock Exchange at ₹202.50 per share, totaling ₹39.41 crores. This large transaction has drawn market attention, potentially indicating shifts in institutional holdings or major investors adjusting positions. The identities of the traders remain undisclosed.
21Mar 25
Zomato Ltd. Block Trade: 2.39 Million Shares Sold for Rs. 53.39 Crores Amid Company Name Change
A block trade of 2.39 million Zomato shares worth Rs. 53.39 crores occurred on NSE at Rs. 223.15 per share. Simultaneously, Zomato Limited officially changed its name to Eternal Limited, effective March 20, 2025, following approval from the Registrar of Companies. The company's trading symbols remain unchanged.
21Mar 25
Zomato Receives Weight Upgrade in FTSE Index Amid Corporate Rebranding and Block Trade
Zomato Ltd. is set to rebrand as Eternal Limited effective March 20, 2025, following approval from the Ministry of Corporate Affairs. Concurrently, the company received a weight upgrade in the FTSE All World Index, potentially attracting $65 million in inflows. A significant block trade of 3,032,793 shares at Rs. 224.08 per share, totaling Rs. 67.96 crores, was also reported on the NSE.
Zomato Shares: Major Block Trade Worth Rs. 56.50 Crores Executed on NSE
A significant block trade of approximately 2,517,073 Zomato Ltd. shares occurred on the National Stock Exchange (NSE). The transaction was executed at Rs. 224.47 per share, totaling Rs. 56.50 crores. While the identities of the buyer and seller remain undisclosed, such large trades often attract market attention and can potentially influence investor sentiment.
20Mar 25
Zomato Shares: Major Block Trade Worth Rs. 60.22 Crores Executed on NSE
A substantial block trade of 2,681,480 Zomato Ltd. shares was executed on the National Stock Exchange. The transaction, valued at ₹60.22 crores, saw shares changing hands at an average price of ₹224.59 per share. This large-scale trade, typically associated with institutional investors or high net-worth individuals, has drawn market attention due to its potential impact on stock prices and indication of significant ownership changes.
20Mar 25
Zomato Shares See Significant Block Trade: 4.6 Million Shares Change Hands
A significant block trade of approximately 4.6 million Zomato shares occurred on the National Stock Exchange. The transaction, valued at Rs. 103.45 crore, was executed at Rs. 224.62 per share. While the identities of the buyer and seller remain undisclosed, such large trades often draw market attention and can potentially influence short-term trading patterns.
18Mar 25
Zomato Faces Potential Insolvency Plea Restoration by Operational Creditor
Nona Lifestyle Pvt Ltd has approached the NCLT to restore an insolvency plea against Zomato Ltd, claiming unpaid dues of Rs 1.64 crore for supplying uniforms and merchandise. Zomato's legal team opposes the restoration, citing a pre-existing dispute over the claimed dues. The NCLT has adjourned the matter until April for further hearing. This legal challenge could have significant implications for Zomato's finances and reputation in the market.
13Mar 25
Zomato Shares in Focus: Major Block Trade Worth Rs. 80.86 Crores Executed
A notable block trade of approximately 3.94 million Zomato Ltd shares occurred on the National Stock Exchange (NSE). The transaction, valued at Rs. 80.86 crores, was executed at Rs. 205.00 per share. This substantial trade highlights continued institutional investor interest in the food delivery giant, potentially influencing market sentiment and indicating shifts in ownership or investment strategies.
12Mar 25
Zomato Shares: Major Block Trade of 2.57 Million Shares Worth Rs. 52.72 Crores
A significant block trade of 2,572,713 Zomato Ltd. shares was executed on the National Stock Exchange, valued at Rs. 52.72 crores. The shares were priced at Rs. 204.91 each. This substantial transaction could indicate shifts in institutional holdings or large shareholder positions, drawing attention to potential market sentiment changes towards the stock.
11Mar 25
Zomato Shares in Focus: Major Block Trade Worth Rs. 15.80 Crores Executed
A significant block trade of 775,371 Zomato shares was executed on the National Stock Exchange at Rs. 203.74 per share, totaling Rs. 15.80 Crores. The transaction has drawn market attention, potentially indicating investor interest or strategic moves in the food delivery company's stock. While the identities of the buyer and seller remain undisclosed, the trade could spark speculation about motivations behind the deal and prompt closer scrutiny of Zomato's recent performance and future prospects.
10Mar 25
Zomato Shares See Major Block Trade Amidst Corporate Name Change Approval
Zomato Ltd. received shareholder approval for a company name change via postal ballot, with 99.7525% votes in favor. Concurrently, a block trade of 4,010,340 shares at Rs. 213.21 per share, totaling Rs. 85.50 crores, occurred on the NSE.
10Mar 25
Zomato Shareholders Approve Corporate Name Change to Eternal Ltd
Shareholders of Zomato Ltd have approved changing the company's name to Eternal Ltd. This change applies only to the corporate entity, with the Zomato brand and app remaining unchanged. The company will transition its corporate website to eternal.com and update its stock ticker to ETERNAL. Shareholders also approved alterations to the company's Memorandum and Articles of Association. The special resolution passed with 99.7525% votes in favor.
A significant block trade of 720,013 Zomato shares occurred on the National Stock Exchange (NSE), valued at Rs. 16.11 Crores. The shares were priced at Rs. 223.73 each. While such large trades can influence short-term market dynamics, they don't necessarily reflect changes in the company's fundamentals.
06Mar 25
Zomato Faces Antitrust Challenge in India's Quick Delivery Market
An Indian retail group has filed an antitrust case against Zomato, Swiggy, and Zepto, targeting their quick delivery operations in the food and grocery market. This legal action could significantly impact Zomato's business model, market share, and growth strategies. The case highlights intensifying competition and regulatory scrutiny in India's delivery sector, potentially reshaping the industry's landscape and setting precedents for e-commerce regulation.
28Feb 25
Zomato Set for $107 Million Inflow as MSCI India Index Weightage Increases
Zomato's weightage in the MSCI India Standard Index is scheduled to increase at 3 PM today, potentially triggering an inflow of approximately $107 million (₹935 crore) into the company's shares. This adjustment is expected to boost liquidity, increase investor interest, and potentially impact the stock price positively. Index funds and ETFs tracking the MSCI India Standard Index will need to adjust their holdings, potentially increasing demand for Zomato's shares and enhancing its visibility among international investors. The development reflects the evolving landscape of India's food delivery sector and may draw attention to the broader technology and consumer services segments in the Indian market.