Latest news with #ZinkaLogisticsSolutions
Time of India
4 days ago
- Business
- Time of India
Zinka Logistics shares in focus after Quick Routes, and other investors pare stakes in bulk deals
Shares of Zinka Logistics Solutions are set to be in focus on Wednesday after several investors, including Quick Routes International , Accel and Peak XV Partners , offloaded significant stakes in the logistics unicorn through open market transactions. Quick Routes International, a key early backer of Zinka Logistics, exited the company on Tuesday by selling its entire 9.01% stake for Rs 672 crore via two bulk deals. According to NSE data, the investor sold over 1.59 crore shares in the price range of Rs 420.06–420.25 apiece. Zinka Logistics Solutions is the parent entity of Blackbuck, a Bengaluru-based digital freight platform that counts several global and domestic investors among its shareholders. Accel and Peak XV also trim holdings In a separate deal on the BSE, Accel offloaded a 2.7% stake through its affiliates, Accel India IV (Mauritius) and Accel Growth Fund V, garnering Rs 204 crore. The shares were sold in the price range of Rs 420.04–420.29 per share, according to the bulk deal disclosures. Meanwhile, Peak XV Partners' affiliate, Peak XV Partners Investments VI, sold 12.10 lakh shares of Zinka Logistics for Rs 53.84 crore at an average price of Rs 444.71 per share on the NSE. Institutional buyers step in As existing investors trimmed their stakes, a clutch of marquee institutions picked up shares in Zinka Logistics. Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a total of 83.87 lakh shares or cumulatively a 4.73 per cent stake in the company, according to data from the exchanges. Separately, ICICI Prudential Life Insurance purchased 9.52 lakh shares for Rs 40 crore through the BSE, exchange data showed. Details of the remaining buyers in these transactions were not immediately available on the exchanges. Shares of Zinka Logistics Solutions closed higher in Tuesday's session, rising 1.43% to Rs 443.75 on the BSE and ending 0.96% higher at Rs 441.85 on the NSE. Also read | Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
4 days ago
- Business
- Business Standard
Quick Routes Int'l exits Zinka Logistics; sells 9% stake for ₹672 crore
The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore Press Trust of India New Delhi Quick Routes International on Tuesday exited Zinka Logistics Solutions by selling a 9 per cent stake in the company for Rs 672 crore through open market transactions. Zinka Logistics Solutions is the parent entity of logistics unicorn Blackbuck. According to the bulk deal data available on the NSE, Quick Routes International sold more than 1.59 crore shares in two tranches, representing a 9 per cent stake in Zinka Logistics. The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore. In a separate transaction on the NSE, Peak XV Partners' affiliate Peak XV Partners Investments VI disposed of 12.10 lakh shares in Zinka Logistics Solutions for Rs 53 crore. The shares were sold at an average price of Rs 444.71 per piece, taking the deal size to Rs 53.84 crore. Meanwhile, Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a total of 83.87 lakh shares or cumulatively a 4.73 per cent stake in Bengaluru-based Zinka Logistics. Details of the other buyers of Zinka Logistics' shares could not be ascertained on the National Stock Exchange (NSE). In a separate bulk deal on the BSE, private equity firm Accel through its affiliates -- Accel India IV (Mauritius) and Accel Growth Fund V -- divested a 2.7 per cent stake in Zinka Logistics Solutions for Rs 204 crore through open market transactions. The shares were sold in the price range of Rs 420.04-420.29 per piece, taking the aggregate deal value to Rs 203.78 crore. ICICI Prudential Life Insurance bought 9.52 lakh shares of Zinka Logistics for Rs 40 crore, as per the data on the BSE. Details of the other buyers of Zinka Logistics Solutions' shares could not be identified on the exchange. Shares of Zinka Logistics Solutions rose 1.43 per cent to close at Rs 443.75 apiece on the BSE, and it went up by 0.96 per cent to settle at Rs 441.85 per piece on the NSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
4 days ago
- Business
- News18
Quick Routes Int'l exits Zinka Logistics; pares 9% stake for Rs 672 cr
New Delhi, Jun 3 (PTI) Quick Routes International on Tuesday exited Zinka Logistics Solutions by selling a 9 per cent stake in the company for Rs 672 crore through open market transactions. Zinka Logistics Solutions is the parent entity of logistics unicorn Blackbuck. According to the bulk deal data available on the NSE, Quick Routes International sold more than 1.59 crore shares in two tranches, representing a 9 per cent stake in Zinka Logistics. The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore. In a separate transaction on the NSE, Peak XV Partners' affiliate Peak XV Partners Investments VI disposed of 12.10 lakh shares in Zinka Logistics Solutions for Rs 53 crore. The shares were sold at an average price of Rs 444.71 per piece, taking the deal size to Rs 53.84 crore. Meanwhile, Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nomura India acquired a total of 83.87 lakh shares or cumulatively a 4.73 per cent stake in Bengaluru-based Zinka Logistics. Details of the other buyers of Zinka Logistics' shares could not be ascertained on the National Stock Exchange (NSE). In a separate bulk deal on the BSE, private equity firm Accel through its affiliates — Accel India IV (Mauritius) and Accel Growth Fund V — divested a 2.7 per cent stake in Zinka Logistics Solutions for Rs 204 crore through open market transactions. The shares were sold in the price range of Rs 420.04-420.29 per piece, taking the aggregate deal value to Rs 203.78 crore. Details of the other buyers of Zinka Logistics Solutions' shares could not be identified on the exchange. Shares of Zinka Logistics Solutions rose 1.43 per cent to close at Rs 443.75 apiece on the BSE, and it went up by 0.96 per cent to settle at Rs 441.85 per piece on the NSE. PTI HG AMJ AMJ AMJ First Published: June 04, 2025, 02:00 IST
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Business Standard
5 days ago
- Business
- Business Standard
Zinka Logistics shares slide after 12% equity change hands in block trades
Shares of Zinka Logistics Solutions plunged over 4 per cent on Tuesday's intraday session after 21.2 million shares changed hands in three block trades during market open. Zinka Logistics Solutions' stock fell as much as 4.03 per cent during the day to ₹420 per share, the biggest intraday loss since May 28 this year. The stock pared losses to trade 0.18 per cent lower at ₹436 apiece, compared to a 0.07 per cent advance in Nifty 50 as of 10:33 AM. Shares of the company have fallen over 10 per cent from their recent highs of ₹494 apiece, which it hit last month. The counter has fallen 7.7 per cent this year, compared to a 4.5 per cent advance in the benchmark Nifty 50. Zinka Logistics has a total market capitalisation of ₹7,959.13 crore. Zinka Logistics block trade The transport-related services company had 21.2 million shares, or 12 per cent equity, that changed hands in three block trades, according to Bloomberg. The buyers and sellers were not known immediately. However, according to the term sheet viewed by Bloomberg, Quickroutes International Private Ltd. had offered to offload 16 million shares or a 9 per cent stake in Zinka Logistics through a secondary sale. The foreign portfolio company seeks to raise as much as ₹650 crore via share sale, the term sheet said. Quickroutes International had a 9.01 per cent stake in the company as of the quarter ending March 2025, according to BSE data. The offer floor price for the share sale was set at ₹405 per share versus Monday's close of ₹437.65, and IIFL Capital Services will be managing the deal. About Zinka Logistics Zinka Logistics Solutions is a digital platform in India's logistics sector, primarily serving truck operators. Established in 2015 and headquartered in Bengaluru, Karnataka, the company offers a comprehensive suite of services, including payments, telematics, load marketplaces, and vehicle financing. Using the company's platform, their customers, primarily comprising truck operators, digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on their marketplace and get access to financing for the purchase of used vehicles. In the December quarter, overall revenues of the company grew 54 per cent year-on-year (Y-o-Y) in Q2FY25 and 53 per cent Y-o-Y in H1FY25. The core businesses (tolling and vehicle tracking solutions), which contribute to a majority of its revenues, continued their growth momentum and delivered a Y-o-Y growth of 47 per cent in Q2FY25 and 49 per cent in H1FY25.
Time of India
5 days ago
- Business
- Time of India
Zinka Logistics shares in focus as Quickroutes plans Rs 647 crore stake sale
Zinka Logistics Solutions shares will be in focus on Tuesday as Quickroutes International is expected to divest a 9% stake in the company through a block deal, aiming to raise approximately Rs 647 crore, CNBC-TV18 reported, citing sources. The floor price for the deal has been set at Rs 405 per share, the sources added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like USDJPY đang đi lên không? IC Markets Đăng ký Undo Zinka Logistics, incorporated on April 20, 2015, operates what is considered the country's largest digital platform for truck operators by user count. In FY24, over 9.6 lakh truck operators—representing 27.52% of India's total—used the platform. The platform enables truck operators to manage toll and fuel payments, monitor fleets using telematics, find freight via a digital marketplace, and access financing for used vehicles. Most users access these services through the BlackBuck mobile app. Also Read: Technical picks: HDFC Life, Pidilite Industries among 5 stocks that can rally up to 20% in short term Live Events Financials For the quarter ended March 31, 2025, Zinka Logistics reported a consolidated total income of Rs 136.76 crore, up 11.03% from Rs 123.18 crore in the previous quarter and 47.54% higher than Rs 92.69 crore in the year-ago period. Net profit after tax stood at Rs 280.17 crore. Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list Shareholding Pattern As of March 31, 2025, promoters held a 27.7% stake in the company. Foreign institutional investors (FIIs) owned 11.59%, while domestic institutional investors (DIIs) held 10.26%. Zinka Logistics share price target According to Trendlyne, the average target price for Zinka Logistics is Rs 571, indicating a potential upside of nearly 31% from current levels. Of the six analysts tracking the stock, the consensus rating is 'Buy'. Zinka Logistics shares are down 4% year-to-date but have gained 35% over the past six months. The company's current market capitalisation stands at Rs 7,814 crore. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
