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Sands Capital trims BlackBuck stake worth Rs 191 Cr within a week

EntrackrEntrackr ยท 7m ago
Sands Capital trims BlackBuck stake worth Rs 191 Cr within a week
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News All Stories Sands Capital trims BlackBuck stake worth Rs 191 Cr within a week Stock exchange data shows Sands Capital Private Growth II sold 1.46% of BlackBuck (Zinka Logistics Solutions) on August 13 across two block deals. Kunal Manchanada 14 Aug 2025 10:57 IST Follow Us US-based investment firm Sands Capital has reduced its stake in logistics unicorn BlackBuck through three open market transactions this month, pocketing around Rs 191 crore from the partial exit. Stock exchange data shows Sands Capital Private Growth II sold 1.46% of BlackBuck (Zinka Logistics Solutions) on August 13 across two block deals. The deal involved about 26.3 lakh shares on the BSE and NSE at an average price of Rs 515.66 per share, amounting to Rs 135.6 crore. This came just days after the fund sold 0.6% of the company on August 8 for Rs 55.58 crore. In that deal, it offloaded 10.68 lakh shares at Rs 520.47 per share. Together, the sales represent roughly 2.06% of the companyโ€™s equity. The buyers in these trades have not been disclosed, though market sources suggest that domestic institutional investors and high-net-worth individuals could be among them. Last week, Wellington Managementโ€™s offshore investment fund Ithan Creek Master Investors also offloaded over Rs 53 crore worth stake in B2B logistics firm. Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Subbu Allamaraju, BlackBuck runs a trucking marketplace that connects shippers with truck owners across India. The Bengaluru-based startup entered the unicorn club in 2021 after raising $67 million from Tribe Capital, IFC Emerging Asia Fund, and VEF, among others. Sands Capital invested in earlier rounds. BlackBuck went public earlier this year, becoming one of the rare logistics-tech players to list on Indian exchanges. The company has seen positive investor sentiment post-listing, driven by narrowing losses and a rebound in freight activity. For Sands Capital, the move is seen as a partial profit booking following the listing, rather than a complete exit. The firm continues to hold a sizeable stake in BlackBuck.

Goldman Sachs trims stake in BlackBuck, Nomura steps in with Rs 247 Cr buy

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Goldman Sachs trims stake in BlackBuck, Nomura steps in with Rs 247 Cr buy
Medial

Logistics marketplace BlackBuck witnessed a large block trade on Monday as Goldman Sachs pared a portion of its holding in the recently listed company. According to stock exchange data, Goldman Sachs offloaded nearly 49.1 lakh shares, representing a 2.74% stake, for about Rs 295 crore. The shares were sold at an average price of Rs 600.32 per share. On the other side, Nomura India Investment Fund Mother Fund picked up around 41.16 lakh shares or 2.29% stake in the company, spending close to Rs 247 crore at an average price of Rs 599.77 per share. Earlier this month, US-based investment firm Sands Capital also reduced its stake in logistics unicorn BlackBuck through three open market transactions, pocketing Rs 191 crore. Before that, Ellington Managementโ€™s offshore investment fund Ithan Creek Master Investors also offloaded over Rs 53 crore worth of stake in the B2B logistics firm. Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Subbu Allamaraju, BlackBuck runs a trucking marketplace that connects shippers with truck owners across India. The Bengaluru-based startup entered the unicorn club in 2021 after raising $67 million from Tribe Capital, IFC Emerging Asia Fund, and VEF, among others. Sands Capital invested in earlier rounds. During the first quarter of the ongoing fiscal year (Q1 FY26), the company reported a 56% year-on-year increase in its revenue to Rs 144 crore, from Rs 92 crore in Q1FY26. At the same time, profits for the firm grew 17.2% to Rs 34 crore. The company is currently trading at Rs 642 with the total market capitalization of Rs 11,530 crore ($1.3 billion).

QRG Investments offloads Awfisโ€™ shares worth Rs 22 Cr

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QRG Investments offloads Awfisโ€™ shares worth Rs 22 Cr
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Snippets QRG Investments offloads Awfisโ€™ shares worth Rs 22 Cr QRG Investments and Holdings Limited has sold 3,67,408 shares of Awfis at a price of Rs 591.17 per share aggregating to Rs 21.94 crore in a bulk deal. QRG Investments and Holdings Limited, the promoter holding arm of QRG Group and a key shareholder in Havells India, operates as a mid-tier NBFC. It manages a diverse portfolio that includes startup investments, listed stocks, venture debt, structured credit, REITs/InvITs, and private businesses across sectors such as healthcare, EVs, and pharmaceuticals. Awfis on its Annual General Meeting yesterday reappointed Rajesh Kharabanda as Non-Executive Director who retires by rotation. Awfisโ€™ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The companyโ€™s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period. Awfisโ€™ stock is trading at Rs 577 (as of 10:40 AM) with a total market capitalization of Rs 4,131 crore.

Blackbuck records Rs 32 Cr profit on Rs 172 Cr revenue in Q3 FY26

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Blackbuck records Rs 32 Cr profit on Rs 172 Cr revenue in Q3 FY26
Medial

Blackbuck has released its financial report for the third quarter of the ongoing financial year ending December 2025. The Bengaluru-based company reported a 51% year-on-year growth in scale in Q3 FY26 and posted a profit of Rs 32 crore in the quarter. Blackbuck's revenue from operations grew to Rs 172 crore in Q3 FY26 from Rs 114 crore in Q3 FY25. For the nine-month period, the companyโ€™s revenue increased by 53% to Rs 466.5 crore as compared to Rs 305 crore a year earlier. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 16 crore from interest income which took its overall revenue to Rs 188 crore in Q3 FY26, compared to Rs 123 crore in Q3 FY25. Looking at the expenses, the employee benefit cost accounted for 29% of the overall expenditure which increased by 16% year-on-year to Rs 40.5 crore in Q3 FY26 from Rs 35 crore in Q3 FY25. Depreciation and other operating expenses drove total expenditure to Rs 142 crore in Q3 FY26, compared to Rs 93 crore in the same quarter last year. Blackbuck registered a profit of Rs 32 crore in Q3 FY26, as compared to a loss of Rs 48 crore in Q3 FY25. On a quarterly basis, the companyโ€™s profit increased 10% from Rs 29 crore in Q2 FY26. BlackBuck's chairman and CEO, Rajesh Kumar Naidu Yabaji, sold 20 lakh shares (9.37% of his holding) in a Rs 135 crore bulk deal in the third quarter. This transaction reduced his stake in the logistics marketplace from 11.81% to 10.7% of the 18.07 crore total equity base. Currently, Blackbuckโ€™s share price is trading at Rs 618, giving the company a market capitalization of Rs 11,196 crore ($1.2 billion).

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