New Delhi, Aug. 6 -- Antfin Singapore Holding Pte Ltd, a unit of China's Alibaba Group, will sell its entire 1.95% stake in food and grocery delivery firm Eternal Ltd in a block deal worth $612 million, days after it said its final goodbye to financial services firm Paytm.

The term sheet reviewed by Mint showed that the clean-up trade was made at a 4.63% discount to Eternal's closing share price on 6 August. Antfin holds 188.4 million shares in Eternal.

Antfin has hired Morgan Stanley and Bank of America for the sale. The order book opens on Wednesday and is expected to close on Thursday.

On Monday, Alibaba Group sold its entire stake in Paytm owner One97 Communications Ltd in a block deal for Rs.3,803 crore, according to a term sheet....