Eternal has 7.2M shares change hands in a block trade

Eternal has 7.2M shares change hands in a block trade

Eternal, a leading player in the food delivery and quick commerce sectors, has witnessed a notable change in its shareholding, with 7.2 million shares changing hands in a recent block trade. The transaction, which occurred on September 5, 2025, saw a significant shift in the company's share base, impacting its overall market dynamics.

The block trade involved the purchase of 16,575 Class A shares by NB Private Equity Partners (NBPE) at a price range between £14.38 and £14.26 per share [1]. This transaction was part of NBPE's broader share buy-back program, authorized by shareholders on June 12, 2025, and executed through a share buy-back agreement with Jefferies International Limited.

The cancellation of these shares will reduce the number of outstanding Class A shares from 45,385,285 to 45,385,285 - 16,575 = 45,368,710. Additionally, NBPE holds 3,150,408 Class A shares in treasury. For reporting purposes under the Financial Conduct Authority's (FCA) Disclosure Guidance and Transparency Rules, the market should use the figure of 45,368,710 voting rights when determining if they are required to notify their interest in, or a change to their interest in the Company.

The transaction comes at a time when Eternal's stock has shown robust performance. Over the past five sessions, Eternal shares have advanced 4% [2]. This growth is attributed to a combination of factors, including stable and profitable growth in the food delivery business and a margin-accretive shift in the quick commerce segment.

Nomura, a leading foreign brokerage, recently upgraded its target price for Eternal shares to ₹370, up from ₹300, reflecting its bullish stance on the company's long-term prospects [2]. The revised target price factors in stronger growth visibility in food delivery, a margin-accretive shift in quick commerce, and a change in valuation methodology.

The block trade and the recent performance of Eternal shares underscore the company's strategic positioning and the confidence of investors in its future prospects. As Eternal continues to expand its quick commerce operations and improve margins, it remains a key player in the competitive food delivery and quick commerce sectors.

References:
[1] NB Private Equity Partners Announces Transaction in Own Shares. (2025, September 8). Retrieved from https://www.globenewswire.com/news-release/2025/09/08/3145807/0/en/NBPE-Transaction-in-Own-Shares.html
[2] Nomura Bullish on Eternal: 3 Key Factors for ₹370 Stock Target. (2025, September 8). Retrieved from https://www.business-standard.com/markets/news/nomura-bullish-on-eternal-3-key-factors-for-370-stock-target-quick-commerce-blinkit-food-delivery-zomato-bse-nse-sensex-125090800112_1.html