Zinka Logistics Solutions Limited has informed the Exchange regarding 'Disclosure Received under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.'.
BLACKBUCK · price
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Awaiting price reaction for this filing.
BlackBuck has informed the exchanges about a disclosure received from Quickroutes International Private Limited (QIPL), a Singapore-based public shareholder, regarding the sale of its entire stake in the company. QIPL sold 15,986,298 equity shares, representing 9.01% of the total share capital, through open market transactions on June 3, 2025. Prior to the sale, QIPL held a 9.01% stake, and post-sale its holding stands at 0%. QIPL is not part of the promoter or promoter group. The company's total equity share capital remains 177,406,667 shares of ₹1 each.
This is a complete exit by a significant foreign public shareholder, which could exert short-term pressure on the stock given the sizeable block of shares sold in the open market. Investors should watch for any further large block sales and monitor whether other foreign investors trim or add to their positions.