Block Deals Impact Share Prices of Kotak Mahindra Bank and Eternal

Block Deal On Thursday, August 7, 2025, Kotak Mahindra Bank experienced a block deal involving 1.1 crore equity shares, representing a 0.55% stake in the private lender. Valued at approximately ₹2,134 crore, the transaction was executed at ₹1,974 per share, according to an Economic Times report. The identities of the buyers and sellers remain undisclosed. Following the deal, Kotak Mahindra Bank shares fell 1.6%, hitting an intraday low of ₹1,970.10 on the BSE. Despite a partial recovery, the stock remained subdued compared to broader market trends. l Block Deal In a separate development, Antfin Singapore Holding Pte. Ltd., an affiliate of China’s Ant Group, plans to divest its entire 1.95% stake in Eternal, a food delivery firm, through a bulk deal. The transaction involves 18.84 crore shares at a floor price of ₹285 per share, valuing it at approximately ₹5,370 crore ($612 million). This price reflects a 4.5% discount to Eternal’s last closing price of ₹298.90 on the BSE. Consequently, Eternal’s shares dropped over 1%, trading at ₹295.85 in the early morning session.