No Result
View All Result
  • Login
Thursday, October 30, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers

by FeeOnlyNews.com
5 months ago
in Business
Reading Time: 2 mins read
A A
0
Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Share on FacebookShare on TwitterShare on LInkedIn


Bengaluru-based logistics tech company Zinka Logistics Solutions, popularly known as BlackBuck, witnessed a block deal on Tuesday. A group of marquee institutional investors picked up stakes, while existing investor Peak XV Partners pared down its holding. The total block deal value is around Rs 302 crore.

According to data from the stock exchanges, nearly 59 lakh shares changed hands. Among the buyers were global institutional names such as Abu Dhabi Investment Authority (ADIA), ICICI Prudential Mutual Fund, and Massachusetts Institute of Technology (MIT).

ADIA purchased 23,02,574 shares at a price of Rs 420 per share. ICICI Prudential Mutual Fund acquired 11,42,856 shares at the same price, while MIT picked up the largest chunk — 24,65,945 shares — at Rs 420 per share.

On the sell side, Peak XV Partners Investments VI offloaded 12,10,588 shares at a higher price of Rs 444.71 per share, likely booking gains on their earlier investments.

As of the latest available data, promoters held 27.7% of Zinka, while the public held 72.3%. Foreign investors made up a large chunk of the public shareholding, with several high-profile names such as Tribe Capital, Sands Capital, Accel, and B Capital featuring on the register.

Live Events

Zinka’s largest public shareholder was Quickroutes International, holding over 9% stake. Among mutual funds, SBI Technology Opportunities Fund held 6.62%, while Bandhan Core Equity Fund and Invesco India Contra Fund held smaller chunks.Zinka Logistics is one of India’s leading tech-driven logistics platforms specializing in full-truck load (FTL) freight. Founded in 2015, the company has transformed the traditional trucking ecosystem by digitizing operations for both fleet owners and shippers.Through its mobile and web-based solutions, Zinka connects truckers with businesses in real-time, offering seamless booking, GPS-based tracking, digital payments, and documentation. The platform serves a wide range of industries including FMCG, manufacturing, and e-commerce, providing reliable long-haul transportation across India.

The company also assists truckers with services like fuel cards, insurance, and toll management, aiming to improve their efficiency and reduce idle time.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



Source link

Tags: ADIAamongbulkBuyerscroredeallogisticsmitPeakstaketrimsZinka
ShareTweetShare
Previous Post

TACO vs. the Game-Theoretic Art of the Deal

Next Post

How to shop and save

Related Posts

Undiscovered AI Stock Delivers Staggering Returns, Outperforming Tech Titans

Undiscovered AI Stock Delivers Staggering Returns, Outperforming Tech Titans

by FeeOnlyNews.com
October 30, 2025
0

HelloRF Zcool / Shutterstock.com NVIDIA Corp. (NASDAQ:NVDA) continues to remain an industry leader and the most valuable company in the world....

Cleveland-Cliffs names Korea’s Posco as new strategic partner (CLF:NYSE)

Cleveland-Cliffs names Korea’s Posco as new strategic partner (CLF:NYSE)

by FeeOnlyNews.com
October 30, 2025
0

Taitai6769/iStock via Getty ImagesCleveland-Cliffs (CLF) named South Korean steelmaker Posco Holdings (PKX) as its new strategic partner Thursday, identifying the...

The uncomfortable secret of successful people: Forget work-life balance, you have to be ‘obsessed’, ex-Wall Streeter and business coach says

The uncomfortable secret of successful people: Forget work-life balance, you have to be ‘obsessed’, ex-Wall Streeter and business coach says

by FeeOnlyNews.com
October 30, 2025
0

While casual side hustles can sometimes pay off, the most successful people prioritize their passion to turn it into profit. ...

Motilal Oswal Q2 Results: PAT plunges 68% YoY to Rs 362 crore, but posts record operating profit

Motilal Oswal Q2 Results: PAT plunges 68% YoY to Rs 362 crore, but posts record operating profit

by FeeOnlyNews.com
October 30, 2025
0

Motilal Oswal Financial Services Ltd (MOFSL) reported 68% year-on-year (YoY) decline in its consolidated net profit at Rs 362 crore....

India to approve deals worth .7b for Israeli defense missiles

India to approve deals worth $3.7b for Israeli defense missiles

by FeeOnlyNews.com
October 30, 2025
0

India's Defense Procurement Procedure Administration, headed by Minister of Defense Rajnath Singh, will meet on November 23 to approve...

Figma acquires Israeli startup Weavy for 0m

Figma acquires Israeli startup Weavy for $200m

by FeeOnlyNews.com
October 30, 2025
0

US design software company Figma (NYSE: FIG) has announced the acquisition of Israeli AI powered design workflows company Weavy....

Next Post
How to shop and save

How to shop and save

Rs 804 crore worth block deals in Aptus Value Housing. Morgan Stanley, SBI MF are among buyers

Rs 804 crore worth block deals in Aptus Value Housing. Morgan Stanley, SBI MF are among buyers

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
India to approve deals worth .7b for Israeli defense missiles

India to approve deals worth $3.7b for Israeli defense missiles

0
High Dividend 50: Cross Timbers Royalty Trust

High Dividend 50: Cross Timbers Royalty Trust

0
5 Things to Know About the Harbor Freight Credit Card

5 Things to Know About the Harbor Freight Credit Card

0
Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

Netherlands launches ChipNL Competence Centre to supercharge the Dutch semiconductor sector: Know more 

0
Amazon Earnings Preview: Layoffs Mark the Start of AI-Era Efficiency Drive

Amazon Earnings Preview: Layoffs Mark the Start of AI-Era Efficiency Drive

0
How advisors are using AI tools for prospecting and growth

How advisors are using AI tools for prospecting and growth

0
5 Things to Know About the Harbor Freight Credit Card

5 Things to Know About the Harbor Freight Credit Card

October 30, 2025
Undiscovered AI Stock Delivers Staggering Returns, Outperforming Tech Titans

Undiscovered AI Stock Delivers Staggering Returns, Outperforming Tech Titans

October 30, 2025
Amazon Earnings Preview: Layoffs Mark the Start of AI-Era Efficiency Drive

Amazon Earnings Preview: Layoffs Mark the Start of AI-Era Efficiency Drive

October 30, 2025
How advisors are using AI tools for prospecting and growth

How advisors are using AI tools for prospecting and growth

October 30, 2025
Chart of the Week: The Fed’s AI Singularity Wake-Up Call

Chart of the Week: The Fed’s AI Singularity Wake-Up Call

October 30, 2025
Johnson & Johnson: Defensiver Basiswert mit Innovationshebel korrigiert zum EMA-50!

Johnson & Johnson: Defensiver Basiswert mit Innovationshebel korrigiert zum EMA-50!

October 30, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • 5 Things to Know About the Harbor Freight Credit Card
  • Undiscovered AI Stock Delivers Staggering Returns, Outperforming Tech Titans
  • Amazon Earnings Preview: Layoffs Mark the Start of AI-Era Efficiency Drive
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.