EternalMyGateAdonmoShare SwapProperty Tech
Eternal Swaps Adonmo for ₹156-Crore MyGate Stake, Gains 4.4% Equity
Published: October 21, 2026
Eternal will trade its entire Adonmo holding for a 5.4% stake in MyGate, valuing the swap at ₹156 crore. The deal, due for completion by Dec 5 2026, positions Eternal with a 4.4% equity share in the merged entity, hinting at a strategic pivot toward property‑tech services.
According to Eternal’s April filing, the company will trade 11,214 Series‑B compulsorily convertible preference shares and 10 equity shares of Adonmo for 1,84,091 Series‑C1 compulsorily convertible preference shares and 164 equity shares of MyGate. — ETERNAL.NS
Eternal’s investment of ₹112 crore in Adonmo in January 2022 has now been re‑valued at ₹156 crore, implying a 39% upside for the holding over the past 18 months.
Post‑merger, Eternal will hold roughly 4.4% of the combined entity on a fully diluted basis, potentially unlocking earnings from MyGate’s technology suite that serves over 2 million gated communities worldwide.
The swap is scheduled for execution by Oct 31 2026, with a closing date of Dec 5 2026, subject to definitive agreements and customary closing conditions. The deal signals Eternal’s strategic pivot toward property‑tech, and analysts will monitor the impact on its earnings per share once the merger completes.