Blinkit CFO Resigns, Eternal Shares Hit Five-Month Low

• Eternal (formerly Zomato) shares dropped 2.5% to a five-month low on December 30.
• The decline followed reports of Blinkit CFO Vipin Kapooria's resignation.
• Kapooria is returning to his former employer, e-commerce giant Flipkart, after approximately one year at Blinkit.
• His departure comes amidst heightened competition in the quick-commerce sector.
• Blinkit had recently appointed Kapooria as its first full-time CFO since Amit Sachdeva's exit, highlighting Blinkit's importance to Eternal.

Why It Matters: Blinkit CFO's resignation impacts Eternal shares, raising questions about leadership amidst market competition.