Eternal block deal: Zomato parent slides after Rs 1500 crore likely stake sale by institutional investor

al Block Deal Today: Eternal, the parent of online food and grocery delivery platform Zomato, is in focus today on account of a block deal. As per details available, an undisclosed investor sold 0.5 per cent stake worth Rs 1500 crore via block. Post block deal Zomato shares slipped more than 1 per cent to trade at Rs 289.30 around 10:30 AM on NSE. A total of 6.49 crore shares of the company changed hands around the same time. On BSE, Eternal traded at Rs 289.35 with 10.72 lakh shares changing hands versus the two-week average traded quantity of 7.89 lakh.