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SUMMARY
Antfin, an affiliate of Alibaba Group, is reportedly set to sell 18.8 Cr shares of foodtech major Eternal in a block deal worth around INR 5,375 Cr (about $613 Mn)
As per Eternal’s shareholding available on exchanges, Antfin held a 1.95% stake in the company at the end of June quarter
Overall, Antfin invested INR 189 Cr in Zomato and is now walking away with over INR 13,640 Cr. This translates to about 72X returns on its initial investment
Antfin, an affiliate of…
