Eternal to swap AdOnMo stake for Mygate shares
In short
Eternal approved a deal to swap its entire stake in AdOnMo for shares in Mygate. The reporting does not give the stake size, the exchange ratio, or a closing date.
This could change Eternal’s holdings in both companies, but the final deal terms are still unknown.
What the reporting says
Eternal approved a deal to exchange its entire shareholding in AdOnMo for shares in Mygate, according to a publisher-supplied summary. The reporting does not state the size of the stake, the share ratio, or when the transaction will close. The immediate consequence is a proposed merger-style equity swap involving two portfolio companies, but the final terms remain unclear in the available reporting.
Why it matters
Eternal, the Zomato and Blinkit parent, approved a transaction to exchange its full AdOnMo holding for Mygate shares. The available reporting does not state the valuation, ownership percentage, or completion timing. The deal could reshape Eternal’s exposure to the two companies, but the final structure and any regulatory or shareholder steps are not stated in the source snippet.