Jamna Auto Promoters Offload Shares, Abakkus Buys Stake
Veteran fund manager Sunil Singhania’s Abakkus Investment Managers has picked up a 1.48 percent stake in logistics platform BlackBuck through a block deal. The firm bought 27 lakh shares from Accel India IV (Mauritius) for about ₹155.5 crore at ₹576.05 apiece. Accel previously held a 7.17 percent stake in the company.
BlackBuck shares reacted positively, climbing 7.21 percent to ₹628.15 on heavy volumes.
In a separate transaction, promoters of Jamna Auto Industries sold a combined 5 percent stake. Randeep Singh Jauhar and Pradeep Singh Jauhar each offloaded 99.95 lakh shares (2.5 percent each) for a total of ₹255.87 crore at ₹128 per share.
Institutional buyers stepped in: 360 ONE Mutual Fund and 360 ONE Asset Management acquired 2.5 percent, DSP Mutual Fund took 1.95 percent, and the Abu Dhabi Investment Authority picked up 0.54 percent.