# Eternal swaps Adonmo stake for Mygate shares

> Eternal to exchange Adonmo stake for 4.4% Mygate shares in merger.
- Title: Eternal swaps Adonmo stake for Mygate shares | Shortify
- Summary: Eternal to exchange Adonmo stake for 4.4% Mygate shares in merger. Eternal will swap its entire Adonmo stake for 4.4% of Mygate in a merger by year-end.
- Keywords: eternal, adonmo, mygate, merger, gated community, digital advertising, business, money, news, swaps, stake, shares
- Source: Financialexpress — https://financialexpress.com/business/industry-eternal-to-swap-adonmo-stake-for-4-4-of-mygate-firms-to-merge-4366303
- Author: FE Bureau
- Published: 2026-10-21T12:37:30+00:00
- Read time: 1 min
- Topics: eternal, adonmo, mygate, merger, gated community, digital advertising, business, money, news
## Eternal to swap Adonmo stake for Mygate shares
Eternal will exchange its entire stake in Adonmo for shares in Mygate as part of a proposed merger.
## Stake valued at Rs 156 crore
The stake in the merged Mygate entity is currently valued at Rs 156 crore.
## Investment in Adonmo
Eternal had invested Rs 112 crore in Adonmo in January 2022.
## Share swap details
Eternal will transfer 11,214 Series B shares and 10 equity shares to Vivish Technologies for 184,091 Series C1 shares and 164 equity shares in Mygate.
## Holding after swap
Its holding will stand at 5.4% on a fully diluted basis once the share swap is completed, falling to 4.4% after the merger.
## Transaction timeline
The agreement is expected to be signed by October 31 and completed by December 5, subject to closing conditions.
## Key takeaway

Eternal will swap its entire Adonmo stake for 4.4% of Mygate in a merger by year-end.