Report: Alibaba will exit Indian company Eternal through bulk trading.

According to reports citing sources, Alibaba Group is likely to exit India's Eternal company through a bulk transaction worth 537.5 billion rupees. The report states that Alibaba's Antfin Singapore, a subsidiary, held a 2.08% stake in Eternal as of the end of June, and these shares will be sold at a floor price of 285 rupees. This price represents a discount of 4.6% compared to Eternal's closing price on Wednesday.