ICRA reports no deviation in use of Rs 8,436.12 crore placement funds

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Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹312.35

prior close

₹312.00

announcement price

After-mkt

timing

Nifty 100market-0.5%-2.0% vs market

E-Retail/ E-Commerce peers, median of 13sector-0.1%-2.4% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty 100 and 2.4 pts less than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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15m

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30m

+1.4

Sessions after the filingfrom the prior close

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Reaction day

-2.5-0.5-2.0-0.1-2.4

Next day

+1.6-1.3+2.9-3.6+5.2

+4.2-0.5+4.8-3.9+8.1

+6.0pendingpending-1.2+7.1

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UpDownMarket · Nifty 100Sector · E-Retail/ E-Commerce peers, median of 13Pending

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AI summary

ICRA reported no deviation in Eternal's use of net proceeds of Rs 8,436.12 crore from the Rs 8,500 crore share placement completed in November 2024. The dark-store objective was completed, while advertising, technology and general corporate spending remained on schedule. Unspent funds earned Rs 196.12 crore and were worth Rs 1,649.48 crore at September 30, 2026.

Likely market impact

Positive: use of funds is on plan, with no major deviation, completed dark-store spending and returns on idle funds; some capital remains unspent.