Zinka Logistics Share Price: Three promoters may offload up to 2% stake via block deals

Shares of Blackbuck, formerly known as Zinka Logistics, is likely to witness a large transaction taking place on Tuesday, November 18.

Sources told CNBC-TV18 that three shareholders Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, Ramasubramanian Balasubramaniam are likely to sell up to 2% of the company's outstanding equity via block deals on Tuesday.

Floor price of the transaction has been fixed as ₹670 per share, which is a 1.9% discount to Monday's closing price.

Sellers will have a lock-in on sale of further shares for the next 12 months.

Based on the floor price and the number of shares to be sold, the deal is likely to be valued at nearly ₹240 crore.

Earlier in June this year, Quickroutes International sold a 9% stake in Zinka Logistics Solutions through a block deal.

Incorporated in April 20, 2015, Zinka Logistics Solutions Ltd. is touted to be the country's largest digital platform for truck operators (in terms of number of users), with 963,345 truck operators in the country transacting on their platform in fiscal 2024, which comprises 27.52% of India’s truck operators.

Using the company's platform, their customers (primarily comprising truck operators) digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics, find loads on their marketplace and get access to financing for the purchase of used vehicles.

Truck operators use the BlackBuck mobile application for their diverse business needs.

Shares of Blackbuck Ltd. ended 2.02% lower on Monday at ₹684.90. The stock is up 50% so far in 2025.