Accel Offloads ₹156 Cr Stake In BlackBuck Via Block Deal

by · Inc42

SUMMARY

  • As per NSE data, Accel sold the shares at ₹576.05 apiece to rake in the amount. The shares that flooded the market were lapped up by AMC Abakkus Investment Managers
  • Accel is trimming its stake in BlackBuck to book profits amid a healthy uptick in the logistics company’s share price, revenues and profits
  • Founded in 2015, BlackBuck operates an online B2B marketplace for inter-city full FTL transportation. It also offers telematics solutions and vehicle financing to truck operators