Eternal shares slide 3% to over 5-month low after Blinkit CFO quits
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Shares of the food delivery and quick-commerce company Eternal slid as much as 2.6% on Tuesday to an intraday low of Rs 275.55 on the BSE, sinking to their lowest level in more than five months, following reports that Blinkit’s CFO, Vipin Kapooria, had decided to move on from the company. Kapooria’s resignation comes a little over a year after he joined Blinkit in September 2024. Details on who will replace him remain unclear. Before joining Blinkit, Kapooria spent more than seven years at e-commerce giant Flipkart, where he was vice president of business finance. He is expected to return to Flipkart as the company gears up for its planned initial public offering in 2026. Blinkit had hired Kapooria as its CFO after a long gap, marking the first time the company had a full-time designated CFO since Amit Sachdeva, who served as CFO and head of finance between 2019 and 2022, left the firm. His appointment came just months after Zomato, now r...