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Eternal’s IOCC plan may trigger $1.3 bn FII outflow: Analyst
short by / on Wednesday, 21 May, 2025
Eternal, parent company of Zomato and Blinkit, is under investor scrutiny after proposing a shift to Indian-Owned and Controlled Company (IOCC) status. Jefferies warns this could trigger $1.3 billion in foreign investor outflows due to MSCI index changes. While it may aid Blinkit's strategy, analyst Harika Enjamuri flags short-term technical weakness and potential market pressure.
read more at Stockwits