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Info Edge, which held a 12.38% stake in Eternal as of June 2025, saw its shares benefit sharply from Eternal's rally. Eternal's shares hit a record intraday high of Rs 311.60 today, with analysts noting the strong rub-off effect on Info Edge’s share price
Eternal's quick commerce segment (Blinkit) Q1 revenue stood at Rs 2,400 crore (+155% YoY), surpassing the food ordering and delivery segment revenue of Rs 2,261 crore (+16.43% YoY).
Eternal reported a 90.12% decline in consolidated net profit to Rs 25 crore on a 70.4% jump in revenue from operations to Rs 7,167crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) dropped 63.18% to Rs 88 crore from Rs 239 crore in Q1 FY25. The decline in profit was attributed to continued investments and subsidy expenses aimed at expanding the Blinkit business.
Info Edge (India) is India's premier online classifieds company in recruitment, matrimony, real estate, education and related services. The company reported a 667.3% increase in consoldiated net profit to Rs 463.39 crore on 14% rise in revenue from operations to Rs 749.63 crore in Q4 FY25 over Q4 FY24.
The Board of Info Edge (India) at its meeting held on 18 July 2025 has agreed to enter into an agreement to transfer entire shareholding of the Company held through Startup Investments (Holding) (SIHL), a wholly owned subsidiary, in its Associate Company, namely Shopkirana (i.e. 60,673 shares aggregating to 26.14 % on fully converted and diluted basis) to HEPL, a subsidiary of Trustroot Internet (TIPL) -Udaan, a company registered under the laws of Singapore.
In consideration HEPL shall issue and allot to SIHL 1,68,70,568 shares of HEPL aggregating to about 0.91% on fully converted and diluted basis, together with all benefits and economic rights of such HEPL shares as issued to SIHL being linked to 73,561 reference shares representing the notional reference shareholding of SIHL at TIPL level (valued at USD 314.3863 per TIPL share aggregating to about USD 23.13 Million), as mentioned in the definitive agreements.
Such transfer is subject to completion of various conditions precedent as mentioned in the agreements.
Pursuant to the execution of the definitive agreements for the above transaction and from the date of closing of the transaction, Shopkirana will cease to be an Associate Company of SIHL, and SIHL will hold about 0.91% stake in HEPL on fully converted and diluted basis (with notional reference shareholding of SIHL at TIPL level to about 1.48%).
The aforesaid transfer of shares held in Shopkirana to HEPL will be undertaken in accordance with the terms of definitive agreements (including completion of various conditions precedent).