Venture capital fund Sands Capital Private Growth II has sold nearly 1.5 percent stake in Zinka Logistics Solutions, the technology-driven logistics company operating under the BlackBuck brand, via open market transactions on August 13.
Sands Capital Private Growth II, owned by the US-based investment management firm Sands Capital Management, offloaded 13.44 lakh shares at Rs 515.61 per share on the NSE, and another 12.85 lakh shares at Rs 515.72 per share on the BSE, the bulk deals data published on the exchanges showed.
In total, the venture capital fund sold 1.46 percent stake worth Rs 135.6 crore.
Since last week, Sands Capital Private Growth II reduced its stake in Zinka by 2.06 percent including 10.67 lakh shares sold on August 8.
As per the shareholding pattern of June 2025, Sands Capital through its two entities Sands Capital Private Growth II, and Sands Capital Private Growth Limited PCC held 3.68 percent and 1.43 percent stakes, respectively, against their shareholding of 4.37 percent, and 1.7 percent as the time of final IPO prospectus issued in November 2024.
Despite this stake sale, Zinka Logistics shares closed significantly higher on Wednesday, rising 6.38 percent to Rs 553.35.
In fact, it is the top gainer among the listed entities since November 2024 with 102.7 percent rally from its issue price of Rs 273, in the mainboard segment. Its market capitalisation stood at Rs 9,918.8 crore.
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