Sands Capital Offloads BlackBuck Shares Worth INR 136 Cr

SUMMARY

The investment firm first offloaded 12.9 Lakh shares of BlackBuck at INR 515.72 each, followed by another 13.4 Lakh shares at INR 515.61 apiece

In the past two months, Wellington Management, Peak XV Partners and Accel have trimmed their stake in the logistics company

BlackBuck shares have been on an upswing in the past few weeks on the back of its healthy financial performance in Q1 FY26

Investment firm Sands Capital has offloaded logistics major BlackBuck’s shares worth INR 135.6 Cr via two block deals.

As per BSE data, the firm, via Sands Capital Private Growth II Ltd, dumped 12.9 Lakh shares of Zinka Logistics, the parent of BlackBuck, at INR 515.72 each yesterday, translating to a cumulative sum of INR 66.3 Cr. It also offloaded 13.4 Lakh shares at INR 515.61 apiece for a total of INR 69.31 Cr.

With this, Sands Capital sold 1.4% stake in BlackBuck in the latest transaction. As of June 2025, Sands Capital, via its two funds, held 4.97% stake in the logistics company.

This comes a week after Wellington Management sold BlackBuck shares worth INR 53.7 Cr. Prior to that in June, Peak XV Partners trimmed its stake in the logistics company and offloaded shares worth INR 302 Cr.

Around the same time, Flipkart subsidiary Quickroutes International also exited the company by selling its 9% stake via bulk deals worth INR 672 Cr. In June itself, Accel also sold more than 48.5 Lakh shares of the company via open-market transactions for a cumulative sum of INR 203.8 Cr.

The slew of block deals come as investors look to book profits at a time when BlackBuck shares are on an upswing. The stock notched a 52-week high of INR 572.7 on the BSE on August 7.

It has surged more than 26% in the past month, while it is also up nearly 15% on a year-to-date (YTD) basis.

This jump has come on the back of healthy financial performance. In Q1 FY26, the logistics platform reported a 17% jump in net profit to INR 34 Cr from INR 29 Cr in the year-ago period. Revenue from operations zoomed 57% to INR 144 Cr from INR 92 Cr in Q1 FY25.

Shares of BlackBuck ended yesterday’s trading session 6.24% higher at INR 553.10 on the BSE.