Quickroutes International Pvt., a public shareholder in Zinka Logistics Solutions Ltd., is set to sell its entire 9% stake in the company through a block deal, aiming to raise approximately ₹647 crore.
Transaction Details & Market Impact
- Stake Sale: 1.6 crore shares (9.01% of Zinka Logistics)
- Floor Price: ₹405 per share (7.5% discount to ₹437.65 closing price)
- Bookrunner: IIFL Capital Services Ltd.
- Trading Platforms: NSE & BSE
Zinka Logistics, a leading digital platform for truck operators, has seen strong financial performance, swinging to a profit of ₹280.66 crore in Q4 FY25, compared to a loss of ₹90.78 crore in the same quarter last year.
Company Performance & Investor Sentiment
- Revenue Growth: 29.1% YoY increase, reaching ₹120.35 crore
- Market Position: 963,345 truck operators use Zinka’s platform, covering 27.52% of India’s trucking industry
- Stock Performance: Shares closed 0.56% lower at ₹437.65, but have risen 68.29% since listing in November
Future Outlook
With five out of six analysts maintaining a ‘buy’ rating, Zinka Logistics remains a strong investment prospect, with a 12-month consensus price target implying a 30.5% upside.
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