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.
Accel Growth Fund V LP, a US-based public shareholder (not a promoter), sold 25 lakh equity shares of Zinka Logistics Solutions Limited (BlackBuck) on June 3, 2025 through open market transactions. This reduced its stake from 2.82% (49.97 lakh shares) to 1.41% (24.97 lakh shares), effectively halving its holding. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations. The filing notes that its Persons Acting in Concert (PAC), Accel India IV (Mauritius) Limited, has also sold shares and will file a separate disclosure, meaning total selling by the Accel group is larger than what is shown here.
This is an FII/foreign venture capital investor (Accel) trimming its position significantly, which is typically seen as a mild negative signal as it indicates an early investor is booking partial profits or rebalancing. However, it is not a promoter sale and the stock remains widely held, so the direct price impact may be limited.