In keeping with knowledge from the inventory exchanges, practically 59 lakh shares modified palms. Among the many consumers have been international institutional names comparable to Abu Dhabi Funding Authority (ADIA), ICICI Prudential Mutual Fund, and Massachusetts Institute of Know-how (MIT).
ADIA bought 23,02,574 shares at a worth of Rs 420 per share. ICICI Prudential Mutual Fund acquired 11,42,856 shares on the identical worth, whereas MIT picked up the biggest chunk — 24,65,945 shares — at Rs 420 per share.
On the promote facet, Peak XV Companions Investments VI offloaded 12,10,588 shares at the next worth of Rs 444.71 per share, doubtless reserving good points on their earlier investments.
As of the newest accessible knowledge, promoters held 27.7% of Zinka, whereas the general public held 72.3%. Overseas traders made up a big chunk of the general public shareholding, with a number of high-profile names comparable to Tribe Capital, Sands Capital, Accel, and B Capital that includes on the register.
Zinka’s largest public shareholder was Quickroutes Worldwide, holding over 9% stake. Amongst mutual funds, SBI Know-how Alternatives Fund held 6.62%, whereas Bandhan Core Fairness Fund and Invesco India Contra Fund held smaller chunks.Zinka Logistics is certainly one of India’s main tech-driven logistics platforms specializing in full-truck load (FTL) freight. Based in 2015, the corporate has remodeled the standard trucking ecosystem by digitizing operations for each fleet house owners and shippers.By means of its cellular and web-based options, Zinka connects truckers with companies in real-time, providing seamless reserving, GPS-based monitoring, digital funds, and documentation. The platform serves a variety of industries together with FMCG, manufacturing, and e-commerce, offering dependable long-haul transportation throughout India.
The corporate additionally assists truckers with companies like gasoline playing cards, insurance coverage, and toll administration, aiming to enhance their effectivity and scale back idle time.
(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Instances)
