{
  "id": 4703381,
  "title": "BNP Paribas & Millennium Sell 10 Cr Eternal Shares In ₹3,265 Cr Block Deals",
  "url": "https://urgent.news/2026/08/31/bnp-paribas-millennium-sell-10-cr-eternal-shares-in-3-265-cr-block",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T19:31:47.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/bnp-paribas-millennium-sell-10-cr-eternal-shares-in-%e2%82%b93265-cr-block-deals/"
  },
  "original_language": "en",
  "account": "BNP Paribas and Millennium Management jointly sold a significant portion of Eternal, the foodtech company, in two block deals, raising over ₹3.26 billion. BNP Paribas sold 5.09 Cr shares at ₹327.93 each, while Millennium's affiliate, Integrated Core Strategies (Asia) Pte Ltd, sold 4.9 Cr shares at ₹327.9 per share. The shares were purchased at a premium of 0.06% compared to the stock's closing price on Monday. Prior to this, MSCI index revisions were set to increase Eternal's weightage, and Eternal's stock price surged 30.9% in three months, with a 18% YTD increase. The company reported a strong Q1 FY27 performance, with a consolidated net profit of ₹92 Cr and revenue growth of 182% YoY. The sharp price increase can be attributed to Eternal's impressive financial performance despite intense competition in the quick commerce sector and new entrants like Rapido's Ownly and potentially Flipkart.",
  "summary": "French financial services giant BNP Paribas and US-based hedge fund Millennium Management sold over 9.9 Cr shares of listed foodtech…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}