Eternal shares could see $1.3 billion FII outflow, MSCI exclusion. Jefferies explains why
Shares of Eternal, which operates Zomato and Blinkit, could come under selling pressure once the companyβs board starts the process of conversion into Indian Owned & Controlled Company (IOCC). An overwhelming majority of 99% shareholder votes have been in favour of the proposal to impose a cap on foreign ownership, after which the stock canβ¦
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