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Zomato Parent Eternal Shares Drop 8% in 5 Days: Unpacking the Reasons Behind the Fall
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Zomato's Parent Eternal Shares Plunge 8% in 5 Days Amid Deepinder Goyal Stake Sale Fears
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Moneycontrol
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19-02-2026, 13:42
Zomato's Parent Eternal Shares Plunge 8% in 5 Days Amid Deepinder Goyal Stake Sale Fears
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Eternal, Zomato's parent company, has seen its share price fall 8% in the last 5 days and 25% from its peak.
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Market fears stem from speculation that Deepinder Goyal, holding a 3.83% stake, might sell part of his shares.
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Dealers believe Goyal might invest sale proceeds into new ventures, having already returned ESOPs worth Rs 1,000 crore.
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Goyal resigned as CEO in January to pursue more risk and experimentation outside a public company, now serving as Vice Chairman.
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Eternal shares were trading at Rs 274 on NSE, down 1.24%, with a 52-week high of Rs 368.45 and low of Rs 194.80.
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