1 hr ago
Accel Sells ₹155.5 Crore BlackBuck Stake Through Block Deal
Accel is an early investor in BlackBuck, a company that helps truck operators find transportation work and access services.
Accel sold 27 lakh BlackBuck shares in a large market transaction.
The shares were sold for about ₹155.5 crore.
Abakkus Investment Managers bought those shares.
Accel sold them at a lower price than BlackBuck’s previous closing price.
The sale reduces Accel’s ownership by nearly 1.5%.
Accel appears to be taking profits after BlackBuck’s share price improved.
BlackBuck also reported higher revenue and profit in the latest quarter.
Accel India sold 27 lakh BlackBuck shares for ₹155.5 crore through an open-market block deal.
The shares were sold at ₹576.05 each, an 8.4% discount to BlackBuck’s previous closing price.
Abakkus Investment Managers bought the shares, while Accel reduced its stake by nearly 1.5%.
BlackBuck’s Q1 FY27 net profit rose 25% year over year to ₹42.2 crore, while operating revenue increased 42% to ₹204.2 crore.
BlackBuck shares closed at ₹629.05 on the BSE after rising 7.46% during Friday’s session.
- Who
- Accel India sold shares in BlackBuck, and Abakkus Investment Managers bought them.
- What
- A block deal involving 27 lakh BlackBuck shares worth ₹155.5 crore.
- Where
- The shares were sold through an open-market transaction, with pricing reported from NSE data and the closing price from the BSE.
- When
- The transaction occurred yesterday, according to the article; the shares referenced had closed on Friday at ₹629.05.
- Why
- Accel is trimming its stake to book profits after an increase in BlackBuck’s share price and improved financial performance.
Key facts
- Seller
- Accel India, through affiliate Accel India IV (Mauritius)
- Shares sold
- 27 lakh BlackBuck shares
- Transaction value
- ₹155.5 crore, approximately ₹156 crore
- Sale price
- ₹576.05 per share
- Buyer
- Abakkus Investment Managers
- BlackBuck Q1 FY27 profit
- ₹42.2 crore, up 25% year over year
- BlackBuck Q1 FY27 operating revenue
- ₹204.2 crore, up 42% year over year
Sources
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