Source: Entrackr
Bengaluru, August 8, 2025 –
Wellington Management, a global investment management firm, has sold shares worth almost ₹54 crore in BlackBuck, a B2B logistics business. The transaction was completed in one deal through a bulk transaction on the exchange.
According to a filing to the National Stock Exchange(NSE), Wellington Management’s offshore investment fund, Ithan Creek Master Investors (Cayman) L.P.F., has sold approximately 9.9 lakh shares of BlackBuck at a price of ₹540.54, making the total deal approximately ₹53.7 crore.
Ithan Creek Master Investors, registered in the Cayman Islands and managed by Wellington Management (the firm has approximately $1.3 billion in assets under management), has a known investment profile of investing in public markets in the United States and India, specifically in fast-growing industries.
BlackBuck’s Financial Performance
The share sale follows soon after the company published its financial results for the first quarter of the financial year 2025-26 (Q1 FY26). According to a report from Entrackr, the company experienced healthy growth during the April-June quarter.
Revenue at BlackBuck increased by 57% year-on-year to ₹144 crore in Q1 FY26. The company also made a profit of ₹34 crore, which was an increase of 17% compared to last year. The results suggest that the company is improving its margins and controlling its costs more efficiently.
The firm stated that the expansion was aided by enhanced operating leverage and diversification into new business lines that drove revenues and profits higher. However, BlackBuck’s core focus — providing services to truck operators — continued to generate the bulk of its revenue, representing 98% of total revenues in the quarter.
Market Update
On the trading day of Thursday, August 7, BlackBuck’s stock closed at ₹517.4 per share. BlackBuck’s total market cap stood at just under ₹9,278 crore.
Wellington Management’s move to sell part of its ownership may be part of its normal process of managing its portfolio, but it was made when BlackBuck’s performance as a company is at the strongest point it has ever been, and moving up rapidly in the Indian logistics space.
BlackBuck, based in Bengaluru, is one of India’s leading tech-enabled logistics companies. BlackBuck aims to increase the efficiency of freight movement by connecting businesses with truckers through its platform.
Conclusion
The exit comes at a time when BlackBuck is growing rapidly in scale and profitability. While the exit looks to be standard portfolio management, BlackBuck is gaining scale in India tech-enabled logistics, proving its value proposition in the market.
