Accel India IV cuts stake in Zinka Logistics, sells 1.32% in open market
Published on 05/06/2025 09:26 PM
Accel India IV cuts stake in Zinka Logistics, sells 1.32% in open marketFollowing the sale, Accel’s shareholding in Zinka Logistics stands at 9.40%.By CNBCTV18June 5, 2025, 9:26:14 PM IST (Published)1 Min ReadAccel India IV (Mauritius), an early investor in logistics technology platform BlackBuck's parent company, Zinka Logistics Solutions Ltd, has pared its stake by 1.32% through open market transactions on June 3, 2025.
Following the sale, Accel’s shareholding in Zinka Logistics stands at 9.40%.
The stake reduction comes on the same day that Singapore-based Quickroutes International Private Limited exited its entire 9.01% holding in Zinka, also via open market deals. Quickroutes sold nearly 16 million shares, marking a full exit from the company.
Zinka Logistics, which operates under the brand name BlackBuck, recently listed on the BSE and NSE, and has seen heightened investor activity following its public debut.
As of March 31, 2025, Zinka's total share capital stood at 177.4 million equity shares of ₹1 each. Despite recent investor exits, the company continues to be backed by marquee investors, including Accel, which has been a long-term supporter of India’s startup ecosystem.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayZinka Logistics