Eternal Limited spends INR 1,028cr from QIP proceeds

Eternal Limited utilized INR 1,028.31 crore of its INR 8,436.12 crore qualified institutions placement proceeds during the quarter ended June 30, 2025.

Key expenditures included INR 342.99 crore for setting up and running dark stores and warehouses, INR 342.45 crore for advertising and marketing initiatives, and INR 68.21 crore for technology infrastructure investment. General corporate purposes accounted for INR 274.66 crore.

INR 6,601.05 crore of the proceeds remained unutilized as of quarter end, deployed in fixed deposits and liquid funds with maturities extending to 2034.