The Exchange has sought clarification from ETERNAL LIMITED with respect to recent news item captioned Swiggy, Eternal shares off day's high as reports say Blinkit removes 10-minute delivery deadline. The response from the Company is awaited.
ETERNAL · price
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The stock exchange (NSE) has asked Eternal Limited (parent of Swiggy and Blinkit) to clarify a recent news report that says Blinkit has dropped its 10-minute delivery promise. The company's response is still awaited. This follows a media report that has already caused Eternal/Swiggy shares to fall from their day's high. Blinkit is one of Eternal's key quick-commerce businesses, and any change in its delivery promise is seen as a significant strategic signal by investors.
This is a clarification request, not a confirmed company statement. If Blinkit has indeed softened its 10-minute delivery claim, it could indicate rising competitive or operational pressures in quick commerce, which may weigh on the stock in the short term until the company responds.