BNP Paribas Buys Eternal Shares Worth INR 3,200 Cr, Offloads Stake In Swiggy

BNP Paribas has bought Eternal shares worth ₹3,200 crore while offloading its stake in Swiggy. This strategic move indicates a shift in the bank's investment portfolio, focusing on new opportunities while exiting a well-established but potentially less-profitable venture. The transaction highlights the dynamic nature of corporate investments, where major financial players continually re-evaluate and rebalance their holdings to maximize returns. It also signals strong investor confidence in Eternal's business model and future growth prospects.