Blinkit execs cash in after Eternal's Q1 results

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.

- Sakshi Sadashiv

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.