Eternal Limited’s subsidiary, Blink Commerce Private Limited (BCPL), is transferring its ‘Bistro by Blinkit’ business to another subsidiary, Blinkit Foods Limited (BFL), for internal restructuring. The deal, structured as a slump sale, involves a consideration of INR 57 Crore. This move aims to consolidate and streamline the quick food service operations within the group. The transaction is expected to be completed within 30 days, subject to adjustments as per the agreement.
Business Transfer Overview
Eternal Limited has announced the transfer of its ‘Bistro by Blinkit’ business from Blink Commerce Private Limited (BCPL) to Blinkit Foods Limited (BFL). Both BCPL and BFL are wholly owned subsidiaries of Eternal Limited. The transfer is structured as a business transfer agreement (BTA) for internal restructuring purposes.
Financial Details
The aggregate consideration for the transfer is INR 57,00,00,000 (Indian Rupees Fifty Seven Crores Only). The transaction will be executed via a slump sale on a going concern basis and is subject to certain adjustments as agreed upon under the BTA.
Rationale and Impact
This restructuring is intended to develop a quick food service business under BFL. The transaction is expected to be completed within 30 days of the agreement date. The revenue from the Bistro Business for FY 2024-25 was INR 0.20 crore, representing 0.005% of BCPL’s revenue and 0.002% of Eternal Limited’s revenue on a standalone basis. The net worth of the Bistro Business as of March 31, 2025, was INR 16 crore, representing 0.96% of BCPL’s net worth and 0.05% of Eternal’s net worth on a standalone basis.
Subsidiary Details
Blinkit Foods Limited (BFL) was incorporated on August 18, 2025, and will engage in the quick food service business operated under the brand ‘Bistro by Blinkit’.
Source: BSE
