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  5. Block deals, June 3: Ola Electric, YES Bank, Zinka Logistics, Aptus counters witness large trades; check details

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Block deals, June 3: Ola Electric, YES Bank, Zinka Logistics, Aptus counters witness large trades; check details

Upstox
By Upstox News Desk

3 min read | Updated on June 03, 2025, 16:43 IST

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SUMMARY

Report suggested that Zinka Logistics Solutions' counter saw 21.2 million shares change hands in three block trades during the market open. As per reports, Quickroutes International was likely to divest a 9% stake in the firm, aiming to raise approximately ₹647 crore.

Stock list

BLACKBUCK
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OLAELEC
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APTUS
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YESBANK
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A volume in the stock volume is the number of shares traded in a specific period. | Image: Shutterstock

A volume in the stock volume is the number of shares traded in a specific period. | Image: Shutterstock

A number of block deals took place worth ₹5,500 crore on Tuesday, June 3, which includes YES Bank, Aptus Value Housing Finance, Ola Electric Mobility and Zinka Logistics.

Shares of electric two-wheeler maker Ola Electric declined over 7% on Tuesday, June 3, following a large block deal. According to a CNBC-TV18 report, as many as 14.22 crore shares changed hands in the block deal worth ₹731 crore at an average price of ₹51.4 per equity share. The report, quoting sources, stated that Hyundai Motor India is the likely seller. Read more

Another report suggested that Zinka Logistics Solutions' counter saw 21.2 million shares change hands in three block trades during the market open. As per reports, Quickroutes International was likely to divest a 9% stake in the firm, aiming to raise approximately ₹647 crore.

Stock exchange data showed that Quickroutes International held a 9.01% stake in Zinka Logistics at the end of the March quarter. The floor price for the sale was set at ₹405 per share. Shares of Zinka Logistics were trading at ₹449 apiece, rising 2.59% on NSE.

Meanwhile, YES Bank shares tanked over 8% after more than 9 crore shares, or 3% of the outstanding equity worth ₹2,022 crore, changed hands. CNBC-TV18 reported that a leading private equity player was likely the seller.
Also read: YES Bank shares tumble over 8% ahead of board meeting; check details

The State Bank of India (SBI) had plans to sell a 13.19% stake in YES Bank to Japanese financial services firm Sumitomo Mitsui Banking Corporation (SMBC).

Volumes in Aptus Value Housing Finance India surged 139.24 times as a block deal involving 3.71 crore shares took place on the bourses. Around 7.44% equity, worth ₹1,141 crore, was exchanged in a large trade at the price of ₹307per share.

Last seen, shares of Aptus tanked 7.61% to ₹310.90 apiece on the National Stock Exchange. Private equity firm Westridge Investments was expected to divest a 9.8% stake in Aptus Value Housing Finance India, CNBC-TV18 had reported.

However, buyers and sellers in the transaction were not known officially.

A Bloomberg report stated that a spate of block trades has pushed India’s cash equity trading value to a nearly seven-month high. Daily turnover has reached almost $14 billion, the highest since early November, according to data compiled by Bloomberg. The revival follows a drop to below $11 billion in early March, when significant foreign fund outflows pushed local shares to multi-month lows.
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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.