Wellington Management Offloads BlackBuck Shares Worth INR 54 Cr

SUMMARY

Wellington Management has sold shares worth INR 53.7 Cr in logistics major BlackBuck via a bulk deal on the NSE

As per NSE data, the transaction involved sale of 9.9 Lakh shares at INR 540.54 per share by its offshore fund Ithan Creek Master Investors (Cayman) L.P.F

However, as of June 2025 shareholding pattern of BlackBuck on BSE, Wellington owned about 1.26% of the company. As per that, Wellington has sold about 42% of its equity in the company

Wellington Management has sold shares worth INR 53.7 Cr in logistics major BlackBuck via a bulk deal on the NSE.

As per NSE data, the transaction involved sale of 9.9 Lakh shares at INR 540.54 per share by its offshore fund Ithan Creek Master Investors (Cayman) L.P.F. Post-sale, Wellington’s exact holding in BlackBuck is not disclosed.

However, as of June 2025 shareholding pattern of BlackBuck on BSE, Wellington owned about 1.26% of the company. As per that, Wellington has sold about 42% of its equity in the company. After the deal, it now owns about 0.72% of the company.

The deal comes after BlackBuck reported a 57% YoY jump in Q1 FY26 revenue to INR 144 Cr. Net profit for the quarter stood at INR 34 Cr, up 17% YoY. BlackBuck’s core business, truck operator services, contributed 98% of its revenue for the quarter ending June 2025.

Recently, the company received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to act as a composite corporate agent. Earlier, it had secured a prepaid payment instruments (PPIs) licence from the RBI.

This isn’t the first large exit from BlackBuck in recent months. Earlier in June this year, Peak XV Partners trimmed its stake via an INR 302 Cr block deal involving around 59 Lakh shares. The same day, Flipkart subsidiary Quickroutes International fully exited its 9% stake, over 1.59 Cr shares, via bulk deals worth INR 672 Cr.

Accel also sold a total of 48.5 Lakh shares through two bulk deals that day. It offloaded 25 Lakh shares from its Accel Growth Fund at INR 420.04 each and 23.5 Lakh shares from Accel India IV (Mauritius) at INR 420.29 each, netting around INR 203.8 Cr in total.

Shares of BlackBuck closed 0.79% higher at INR 521.80 on the BSE today.