Archive · 3 Jun 2025
Zinka Logistics Shares Fall After Quickroutes' Block Deal
Quickroutes International, a company, sold a portion of its shares in Zinka Logistics, a digital platform for truck operators.
This sale, known as a block deal, aimed to raise money for Quickroutes.
Zinka Logistics allows truck drivers to handle payments, track their vehicles, and find jobs.
A significant number of shares were traded at a price of ₹423 each.
Shares of Zinka Logistics were trading lower after the announcement, and have declined this year.
Quickroutes International sold approximately 9.22% of Zinka Logistics shares.
The transaction involved 1.63 crore shares.
The shares were sold at ₹423 per share.
The block deal aimed to raise around ₹647 crore.
Zinka Logistics shares were trading lower on June 3.
- Who
- Quickroutes International sold shares of Zinka Logistics.
- What
- Quickroutes International sold shares of Zinka Logistics through a block deal.
- When
- The share transaction occurred recently, with reports on June 3.
- Where
- The transaction occurred in India.
- Why
- Quickroutes aimed to raise capital.
- Total Value of Shares Traded
- ₹692 crore
- Percentage of Equity Sold
- 9.22%
- Price Per Share
- ₹423
- Floor Price Per Share (Reported)
- ₹405
- Number of Shares Traded
- 1.63 crore
- Zinka Logistics Trading Price (June 3, 9:20 AM)
- ₹429
- Percentage of India’s truck operators on platform (Fiscal 2024)
- 27.52%
