Particle.news

Download on the App Store

Quickroutes, Accel and Peak XV Divest Zinka Logistics Shares in Rs930 Crore Bulk Deals

Early backers seized gains after a profitable quarter propelled by a strong share rally with sovereign and mutual funds taking up large stakes

Zinka Logistics shares slip 4% on Rs 692-crore block deal

Overview

  • Quickroutes International offloaded its entire 9.01% holding for about Rs672 crore through open market trades at roughly Rs420 per share
  • Accel sold a 2.7% stake in two bulk deals for approximately Rs204 crore at prices between Rs420.04 and Rs420.29 per share
  • Peak XV Partners’ affiliate disposed of 12.10 lakh shares for Rs53.84 crore at an average of Rs444.71 per share
  • Zinka Logistics’ stock closed at Rs443.75 on the BSE, marking a 58% gain since its November 2024 debut
  • Institutional investors including Abu Dhabi Investment Authority and ICICI Prudential Mutual Fund acquired a combined 4.73% stake via 83.87 lakh shares