Venture capital fund Sands Capital Private Growth II has offloaded nearly 1.5% stake in Zinka Logistics Solutions — the tech-driven logistics firm operating under the BlackBuck brand — through open market transactions on August 13.
According to bulk deal data from the exchanges, the fund sold 13.44 lakh shares at ₹515.61 per share on the NSE and 12.85 lakh shares at ₹515.72 per share on the BSE, totaling ₹135.6 crore.
This latest sale reduces Sands Capital Private Growth II’s holding in Zinka by 1.46%. Combined with an earlier transaction on August 8 involving 10.67 lakh shares, the fund has cut its stake by 2.06% over the past week.
As per the June 2025 shareholding pattern, Sands Capital held 3.68% via Sands Capital Private Growth II and 1.43% via Sands Capital Private Growth Limited PCC. This is lower than the 4.37% and 1.7% stakes they held at the time of Zinka’s IPO prospectus in November 2024.
Despite the stake sale, Zinka Logistics shares closed 6.38% higher on Wednesday at ₹553.35. The company has been one of the top performers since listing, delivering a 102.7% gain from its issue price of ₹273, and currently commands a market capitalisation of ₹9,918.8 crore.
