India, June 3 -- The shares of the logistics service provider fell up to 4 percent in the morning trading session after a foreign institutional investor, likely to offload a 9 percent stake through a block deal.

With a market capitalization of Rs 7,911.79 crore, the shares of Zinka Logistics Solutions Ltd were trading at Rs 442.95 per share, increasing around 1.25 percent as compared to the previous closing price of Rs 437.50 apiece.

According to the sources, Quickroutes International is likely to offload 9 percent stake in Zinka, targeting to raise Rs 647 crore. The floor price has been fixed at Rs 405 per share, which shows a discount of 8.5 percent from today's price. As of March 2025, Quickroutes held 1,59,86,298 equity shares, equi...