China's Alibaba to exit India's Eternal via block deal, CNBC-Awaaz reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
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Source: Reuters
Alibaba's Exit from Eternal: Alibaba Group is reportedly planning to exit its investment in India's Eternal through a block deal worth 53.75 billion rupees ($613 million), as per CNBC-Awaaz.
Details of the Transaction: Antfin Singapore, Alibaba's unit, will sell its 2.08% stake at a floor price of 285 rupees, which is a 4.6% discount compared to Eternal's closing price on Wednesday.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
