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Quickroutes International has launched a block deal to sell 9% of its holding in Zinka Logistics at Rs.405 per share. The transaction is expected to raise Rs.647 crore and is priced at a 7.5% discount to the last close.
A block deal has been initiated in Zinka Logistics, with promoter entity Quickroutes International planning to divest 9% of its equity holding. The floor price has been fixed at Rs.405 per share, reflecting a 7.5% discount compared to the last traded price. The sale aims to raise approximately Rs.647 crore and is expected to see interest from institutional investors seeking long-term exposure in the logistics sector.
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Quickroutes International to sell 9% stake in Zinka Logistics.
Block deal priced at Rs.405 per share, 7.5% below last close.
Total expected fund raise is Rs.647 crore.
Institutional buyers likely to participate in the discounted offer.
Zinka Logistics share price movement remains under close watch.
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The pricing at a moderate discount signals a strategic move to facilitate smoother execution and potentially broaden the investor base. The logistics sector has shown resilience, and Zinka’s market positioning may appeal to institutions aiming to diversify across growth-linked infrastructure assets.
This sale also opens up liquidity for the promoter, potentially ahead of strategic or operational changes in the company. Despite the discount, the offer price reflects Zinka’s current valuation benchmarks in the market.
Details | Metrics |
Seller | Quickroutes International |
Company | Zinka Logistics |
Stake Offloaded | 9% |
Floor Price | Rs.405 per share |
Discount | 7.5% |
Fund Raise Target | Rs.647 crore |
The Zinka Logistics share price will be closely tracked in the upcoming sessions as investors respond to the block deal and gauge sentiment. Historically, such stake sales can induce short-term volatility, but longer-term investor appetite tends to stabilise the trend.
With fresh liquidity expected to enter the system and institutional buyers likely to engage, market participants will assess the transaction's impact on shareholding patterns and future corporate strategies. Any price movements post-deal will also influence the Zinka Logistics share price trajectory in the near term.
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Source: CNBCTV18
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