China’s Antfin cashes out over $1.3 Bn from Eternal in a year

Alibaba Group affiliate Antfin Singapore Holding Pte. has offloaded shares worth Rs 4,097 crore ($482 million) from Eternal Ltd., the parent company of Zomato, through a bulk deal. The transaction involved the sale of 14.13 crore shares at a price of Rs 289.91 per share on Thursday, as per stock exchange data.

While the identities of the buyers remain undisclosed, this marks another major divestment by the Chinese investor in the Indian internet ecosystem. The firm held 18.84 crore…