Related News

Elon Musk’s SpaceX to launch Falcon 9 on February 2 from Vandenberg |

Elon Musk’s SpaceX to launch Falcon 9 on February 2 from Vandenberg SpaceX is preparing to launch a Falcon 9 rocket carrying 25 Starlink satellites to low Earth orbit from

How long does it take the sun to rotate on its axis |

The Sun turns, but not in the way a solid object would. It has no hard surface, no fixed edge to follow. What scientists describe as solar rotation comes from

How nature fills coconuts with fresh water before they even fall from the tree |

A coconut may seem like a simple tropical fruit, but it is actually a well-designed natural packaging. You will be surprised to know that the water inside a coconut is

NASA delays Artemis II wet dress rehearsal due to bad weather |

NASA delays Artemis II wet dress rehearsal due to bad weather (IANS) NASA has delayed a key prelaunch test for its Artemis II mission after bad weather affected conditions at

NASA’s Perseverance discovers white kaolinite rocks on Mars, revealing millions of years of rainfall and wet conditions |

Bright white rocks. Scattered across the rusty red plains of Mars. NASA’s Perseverance rover spotted them in Jezero crater which the scientists have been staring at them ever since. At

How to find the Orion constellation in the sky |

Orion’s Belt is a familiar sight in the night sky during the colder months, often noticed easily. Three bright stars sit in a straight line, rising in the east and

Ant Group to exit Eternal, sell shares worth $612mn

Word Count: 571 | Estimated Reading Time: 3 minutes

MUMBAI: China’s Ant Group will exit Eternal (formerly Zomato) by selling its remaining 1.9% stake worth Rs 5,370 crore ($612 million) through one or more block deals on Thursday, term sheet of the deal showed. This will be the second startup exit for the Chinese firm this week after Paytm. Ant Group, an affiliate of Chinese tech giant Alibaba Group, had first invested in Eternal in early 2018.Ant Group, through Antfin Singapore Holding, will offload 18.8 crore shares at a floor price of Rs 285 per share, a 4.6% discount to Eternal’s closing price of Rs 298.85 on the NSE on Wednesday. Eternal did not comment on the development when contacted by TOI.Ant Group has been paring stakes in Eternal since last year. In Aug 2024, it had nearly halved its stake in the company to a little over 2% through two separate block deals worth over Rs 4,000 crore. An early backer in local startups, the Chinese investor seems to be reducing its India exposure. Earlier this week, Ant Group exited fintech Paytm by selling its remaining 5.8% stake worth over Rs 3,000 crore. Eternal’s founder, Deepinder Goyal, currently holds about 3.8% stake in the company. Goyal, however, is not classified as a promoter.With businesses in food delivery and quick-commerce, Eternal has capped its foreign shareholding at 49.5%. As of June 2025, the foreign shareholding was about 43%, the company said in a recent letter to shareholders.

Source link