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News Topical, Digital Desk : Excel India IV (Mauritius), an early investor in Zinka Logistics Solutions Ltd, the parent company of logistics technology platform BlackBuck, has reduced its stake to 1.32 per cent through an open market transaction on June 3, 2025. After the sale, Excel's stake in Zinka Logistics has increased to 9.40 per cent. This reduction in stake has come on the same day when Singapore-based Quickroutes International Private Limited sold its entire 9.01 per cent stake in Zinka. Quickroutes sold about 16 million shares, indicating a complete exit from the company.
Jinka Logistics, which operates under the brand name BlackBuck, was recently listed on BSE and NSE and has seen increased investor activity since it went public. Despite the recent investor exits, the company continues to have the support of prominent investors including Accel, which has been a long-term supporter of India's startup ecosystem.
Stock performance On Thursday, the company's stock closed 1.63 per cent lower at Rs 435.50. In the last one year, the company's stock has seen a gain of 67.47 per cent. The stock's 52-week high is Rs 550.70.
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