BofA Securities Europe SA purchased 53.37 lakh shares of Eternal, the parent company of Zomato and Blinkit, for Rs 168.67 crore in a block deal on October 15, as several large transactions involving Indian-listed companies drew attention in the market.
The shares were acquired from Goldman Sachs Bank Europe SE ODI at Rs 316 apiece, according to exchange block deal data. The transaction represented approximately 0.05% of Eternal’s paid-up equity. Eternal shares subsequently closed 2.22% higher at Rs 323 on the National Stock Exchange (NSE).
The deal was a transaction between market participants; the disclosed data does not establish whether it signals a broader change in either institution’s view of Eternal.
Vardhman Polytex, LCC Projects See Large Transactions
- Pine Oak Global Fund buys Vardhman Polytex shares
Pine Oak Global Fund purchased 25 lakh shares of textile company Vardhman Polytex from Anupama Kothari at Rs 5.55 per share, taking the transaction value to approximately Rs 1.39 crore.
The purchase represented around 0.49% of the company’s equity. Its September 2026 shareholding pattern showed Pine Oak Global Fund holding 5.34%, while Kothari held 9.83%.
- Neomile, founder acquires 1.4% in LCC Projects
Neomile Corporate Advisory and its founder and director, Kirtan Maneklal Rupareliya, acquired a combined 40.82 lakh shares of construction company LCC Projects for approximately Rs 55.11 cr.
Neomile bought 23.05 lakh shares at Rs 135.01 each, while Rupareliya purchased 17.78 lakh shares at Rs 134.99 per pc. The transactions came as LCC Projects shares remained under pressure, closing 1.91% lower at Rs 134.87, below their Rs 146 issue price.
PC Jeweller Sees Rs 73.59 Crore Share Purchase
Investor Aditya Kumar Halwasiya acquired 5.1 crore equity shares of jewellery retailer PC Jeweller at Rs 14.43 per share, taking the transaction value to Rs 73.59 cr. The purchase was reported in the October 15 bulk deal disclosures.
What These Deals Tell Investors
Block and bulk deals offer a snapshot of large share transactions by institutional participants and individual investors. However, a purchase alone does not establish the buyer’s investment rationale, and it should not automatically be interpreted as a bullish signal.
For Eternal, the transaction was relatively small compared with the company’s overall equity base. The more useful takeaway is the disclosed price and volume, alongside the stock’s closing performance. For smaller companies such as Vardhman Polytex and LCC Projects, investors should also consider liquidity, financial performance, shareholding disclosures and price volatility before drawing conclusions from individual deals.
The Unicorn Magazine:- Editing by Aaradhya
