Blackbuck Stake Sale by Wellington Management

Blackbuck has seen significant movement as Wellington Management’s offshore investment fund, Ithan Creek Master Investors (Cayman) L.P.F., divested over Rs 53 crore in stake through a bulk deal on the stock exchange. This strategic move highlights ongoing shifts within B2B logistics.

Details of the Transaction

According to a recent disclosure on the National Stock Exchange (NSE), Wellington Management sold 9.9 lakh shares at a price of Rs 540.54 each, culminating in a total transaction value of Rs 53.7 crore. This sale marks a pivotal point for Blackbuck’s investor landscape.

About Ithan Creek Master Investors

Ithan Creek Master Investors (Cayman) L.P.F. is a Cayman Islands-based offshore investment fund that is actively managed by Wellington Management. With assets under management estimated at over $1.3 billion, the fund participates robustly in both U.S. and Indian equity markets, showcasing its broad investment reach.

Blackbuck’s Financial Performance

This stake sale coincides with BlackBuck’s financial disclosures for the first quarter of FY26. According to the report from Startup Superb, the company has achieved a significant 57% increase in revenue year-on-year, amounting to Rs 144 crore during this period. Furthermore, the profit rose by 17% YoY, reaching Rs 34 crore, indicating a notable enhancement in profit margins.

Growth Drivers

Blackbuck attributes this growth to enhanced operating leverage alongside expansion into newer business avenues, which have collectively boosted both revenue and profitability. The company’s primary focus remains its core business of providing truck operator services, which constitutes nearly 98% of total revenue for the quarter ending June 2025.

Current Market Standing

As of the close of trading on Thursday, August 7, Blackbuck’s stock was valued at Rs 517.4, with an impressive total market capitalisation of Rs 9,278 crore. This robust market performance underscores the company’s solid positioning in the logistics sector.