India's Zinka Logistics rises as RBI grants payments license to unit

Blackbuck

04/07/2025 09:45

** Shares of Zinka Logistics ZINK.NS rise about 2.3% to 440.1 rupees apiece

** Rise after India's central bank issues prepaid payment instruments (PPI) license to the company's unit

** License will help the tech-enabled freight aggregator ZINK to set up and operate its own payment system for PPI

** Move enables ZINK's in-house payment system, streamlines freight payments and could potentially unlock new revenue streams

** ZINK shares are down 10.7% in 2025 so far, underperforming Nifty Microcap 250 index .NIFTYMICROCAP250, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))