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Wellington Management sells Blackbuck shares worth Rs 54 Cr

EntrackrEntrackr · 1h ago
Wellington Management sells Blackbuck shares worth Rs 54 Cr
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Wellington Management sells Blackbuck shares worth Rs 54 Cr Wellington Management’s offshore investment fund Ithan Creek Master Investors (Cayman) L.P.F. has offloaded over Rs 53 crore worth stake in B2B logistics firm Blackbuck through a bulk deal on the stock exchange. As per disclosure on NSE, Wellington Management divested 9.9 lakh shares at Rs 540.54 apiece, amounting to a total deal value of Rs 53.7 crore. Ithan Creek Master Investors (Cayman) L.P.F. is a Cayman Islands-based offshore investment fund managed by Wellington Management. This deal follows BlackBuck’s financial disclosure for the first quarter of FY26. As reported by Entrackr, the company posted a 57% year-on-year growth in revenue to Rs 144 crore during the period. Profit also rose 17% YoY to Rs 34 crore, reflecting a steady improvement in margins. According to the company, the growth was driven by improved operating leverage and expansion into newer business lines, which helped boost both revenue and profitability. The Bengaluru-based company’s core business of providing truck operator services continued to be its primary source of income, accounting for nearly 98% of the total revenue in the quarter ending June 2025. At the end of the day (Thursday, August 7), Blackbuck’s stock was trading at Rs 517.4, with a total market cap of Rs 9,278 crore. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

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