Antfin Singapore Holding Pte. Ltd, an affiliate of Ant Group, is expected to sell its entire 1.95% stake—equivalent to 18.84 crore equity shares—in food delivery company Eternal via a block deal on Thursday, according to an ET Now report.
The floor price is reportedly set at Rs 285 per share, valuing the deal at around Rs 5,368 crore, the report said, citing sources.
This marks Antfin’s second exit from an Indian company this week. On Tuesday, Ant Group affiliate Antfin (Netherlands) Holding B.V. divested its entire 5.84% stake in One 97 Communications, the parent company of Paytm.
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