Eternal swaps Adonmo stake for MyGate in ₹156-crore deal
In short
Eternal said it will swap its entire Adonmo stake for MyGate shares worth ₹156 crore. It also plans to move its going-out India business into a subsidiary for ₹130.76 crore.
This matters because the company is changing how it organizes part of its business. The report does not say when the deal closes or how much it will change future profits.
What the reporting says
Eternal said it will exchange its entire Adonmo stake for MyGate shares valued at ₹156 crore and transfer its going-out India business to a subsidiary for ₹130.76 crore. The reports said the moves are part of a broader restructuring that also shifts the going-out operations into a separate subsidiary. The available reporting does not state when the transfers close or how the transaction affects future earnings.
Why it matters
Eternal is reshaping parts of its business by exchanging its entire Adonmo stake for MyGate shares valued at ₹156 crore and transferring its going-out India business to a subsidiary for ₹130.76 crore. The reports describe this as a corporate-structure change for the Zomato-Blinkit parent. The available information does not say whether the move will have an immediate financial impact or when completion is expected.