New Delhi, September 1 — Global investment firm Goldman Sachs has secured close to ₹295 crore after selling 49.1 lakh shares in logistics platform BlackBuck through a bulk deal. The shares were sold at an average price of ₹600.32 apiece, coinciding with the company’s sustained stock rally.
Goldman Sachs and BlackBuck
Goldman Sachs first invested in BlackBuck in 2019, participating in the company’s $150 million Series D funding round. At the time of BlackBuck’s IPO, the investor held 49.97 lakh shares, equivalent to a 3.07% stake.
BlackBuck, a leading digital freight and trucking network, went public in November 2023 with shares listing at ₹279.05 on the BSE. Since then, the stock has delivered strong gains, climbing over 132% to ₹635.05 as of today’s trading session.
BlackBuck Bulk Deal
According to exchange data, Goldman Sachs sold 49.1 lakh shares for ₹294.7 crore in open market transactions.
- Total Shares Sold: 49.1 lakh
- Average Price: ₹600.32 per share
- Total Value: ₹294.7 crore
- Key Buyer: Nomura acquired 41.2 lakh shares at ₹599.77 apiece, worth ₹246.9 crore
It remains unclear whether Goldman Sachs has fully exited BlackBuck, as its shareholding records are still maintained in physical form due to inactive demat accounts.
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Quick Fact:
- Investor: Goldman Sachs
- Stake Sold: 49.1 lakh shares
- Value Realized: ₹294.7 crore
- Key Buyer: Nomura (41.2 lakh shares)
BlackBuck’s Bull Run
BlackBuck’s stock has surged consistently since listing, recently touching an all-time high of ₹670.05. The rally is supported by robust financial results and increasing adoption among truck operators.
- Q1 FY26 Profit: ₹33.7 crore, up 17% YoY
- Q1 FY26 Revenue: ₹143.6 crore, up 56% YoY
- Truck Operators Served: 7.8 lakh monthly (14% YoY growth)
- Multi-Service Subscribers: 3.9 lakh truck operators
The strong operational metrics have drawn institutional interest even as some early investors, including Sands Capital, Wellington Management, Accel, and Flipkart, have pared their holdings in recent months.
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Investor Sentiment on BlackBuck
Analysts note that Goldman Sachs’ partial or complete exit is part of a broader trend of early-stage investors cashing out amid favorable market conditions.
“BlackBuck has demonstrated strong revenue growth and operational efficiency, which explains its stock rally. At the same time, exits by global investors like Goldman Sachs and Sands Capital highlight portfolio realignments rather than a negative outlook,” said a senior analyst at a Mumbai-based brokerage.
Institutional buyers such as Nomura entering or expanding stakes underline continued confidence in the company’s long-term fundamentals.
What’s Next for BlackBuck
BlackBuck plans to deepen its logistics technology platform while expanding service offerings for India’s trucking ecosystem. The company is also expected to leverage its growing subscriber base of multi-service truck operators to drive recurring revenue streams.
With India’s logistics sector projected to reach $380 billion by 2025, BlackBuck’s focus on digitization and operational efficiency positions it as a key player in the transformation of road freight.
Disclaimer
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