Promoters sell stake in Blackbuck. (Photo: Blackbuck website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Promoters of Blackbuck, which operates the Zinka Logistics brand, are set to sell a combined stake of around Rs 240 crore ($27 million) or 3.6 million shares through a block deal arranged by IIFL Capital.

The block deal is scheduled to close ahead of Tuesday's trading session, with the offer of 3.6 million shares representing 2% equity of the company.

According to the terms of the deal seen by NDTV Profit, the shares will be offered at a base price of Rs 670, which represents a discount of up to 1.9% compared to Monday's closing price.

Key sellers in the block deal include promoters Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam.

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