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Blinkit execs cash in after Eternal's Q1 results
Mint Chennai
|August 22, 2025
Eternal executives moved quickly after Q1 results, first exercising stock options in bulk and then pledging and selling chunks of that stock just two weeks later.
Just a week after reporting Q1FY26 earnings on 21 July, over 13 million shares worth about ₹420 crore were exercised in a single day, 96% of all insider buys in the month.
Blinkit executives dominated the activity, with CEO Albinder Dhindsa alone converting 7 million shares worth ₹214.6 crore, accounting for the lion's share of the pie.
Alongside senior leaders Udit Gupta, Anish Srivastava, and Sajal Gupta, Blinkit insiders drove nearly 60% of all shares exercised. Just five names made up 70% of the conversions, while the top 32 accounted for over 90%.
By mid-August, the ESOP wave moved into its next phase, with some of the same executives beginning to pledge or sell portions of their new stock. On 12-13 August, over 4.2 million shares were pledged or offloaded. Dhindsa alone pledged 2 million shares on 12 August and sold another 1.7 million the next day.
This story is from the August 22, 2025 edition of Mint Chennai.
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