Shares of Blackbuck, formerly known as Zinka Logistics, is likely to witness a large transaction taking place on Tuesday, November 18.

Sources told CNBC-TV18 that three shareholders Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, Ramasubramanian Balasubramaniam are likely to sell up to 2% of the company's outstanding equity via block deals on Tuesday.

Floor price of the transaction has been fixed as ₹670 per share, which is a 1.9% discount to Monday's closing price.

Sellers will have a lock-in on sale of further shares for the next 12 months.

Based on the floor price and the number of shares to be sold, the deal is likely to be valued at nearly ₹240 crore.

Earlier in June this year, Quickroutes International sold a 9% stake in Zinka Logistics Solutions through a block deal.

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