Eternal to acquire 5.4% stake in MyGate in ₹156-crore share-swap deal
What Happened
Eternal, the parent of Zomato and Blinkit, will acquire a 5.4% stake in MyGate operator Vivish Technologies through a share-swap transaction valued at about ₹156 crore. The deal forms part of a proposed merger involving advertising-tech company Adonmo. After completion of the proposed merger, Eternal’s stake in MyGate is expected to stand at 4.4% on a fully diluted basis. The transaction is expected to close on or before December 5, 2026.
Key Takeaways
The share swap expands Eternal’s investment exposure beyond its core food-delivery and quick-commerce businesses into MyGate’s residential-community technology platform.