Accel India sold 27 lakh shares of logistics firm BlackBuck in an open-market block deal worth ₹155.5 crore on September 10. The shares were sold at ₹576.05 apiece, representing nearly 1.5% of Accel's stake in the company, according to NSE data cited by inc42.com. The transaction was conducted at an 8.4% discount to BlackBuck’s last closing price on Friday.
The shares offloaded by Accel, through its affiliate Accel India IV (Mauritius), were acquired by asset management company Abakkus Investment Managers. At the end of June 2026, Accel held a 7.17% stake in BlackBuck. The sale follows a recent uptick in BlackBuck’s stock price, which has surged nearly 18% over the past three months despite being down 7.6% year-to-date.
BlackBuck, founded in 2015 by Rajesh Kumar Naidu Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam, operates an online B2B marketplace for inter-city full truck load transportation. The company also provides telematics and vehicle financing services to truck operators. Its stock rebound has been supported by strong financial results, including a 25% rise in net profit to ₹42.2 crore and a 42% year-on-year increase in revenue to ₹204.2 crore in Q1 of fiscal 2026-27.
The block deal highlights Accel’s partial exit amid BlackBuck’s improving financial performance and stock momentum. BlackBuck’s next quarterly results are expected to provide further clarity on its growth trajectory and investor confidence, with the company continuing to expand its logistics and financing offerings.