Black Buck , a leading logistics solutions provider, has reported a significant change in its promoter shareholding. Rajesh Kumar Naidu Yabaji, the Promoter, Chairman, Managing Director, and CEO of Black Buck, has sold 20,00,000 shares of the company through an open market transaction on November 18, 2025.

Impact on Shareholding

The sale has resulted in a decrease in Yabaji's shareholding in the company. According to the disclosure made under SEBI substantial acquisition regulations:

This transaction represents a reduction of 1.11% in terms of total voting capital and 1.08% in terms of total diluted share capital.

Company Details

Black Buck, formerly known as Zinka Logistics Solutions Limited, is listed on both the National Stock Exchange of India Limited and BSE Limited. The company's scrip code on BSE is 544288, and the scrip symbol on NSE is BLACKBUCK, with the ISIN being INE0UIZ01018.

Market Impact

As of September 30, 2025, the total number of equity shares of Black Buck stood at 18,07,20,492, each with a face value of INR 1. The total diluted share capital of the company, assuming full conversion of outstanding convertible securities, is 18,42,18,230 shares.

Regulatory Compliance

This disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has duly informed the stock exchanges about this change in promoter shareholding.

Investors are advised to consider this information in the context of the company's overall performance and market conditions, and to conduct their own research before making investment decisions based on such developments.

Black Buck Limited, a prominent logistics technology company, has seen a significant reduction in stake by Accel India IV (Mauritius) Limited and Accel Growth Fund V LP through a series of open market transactions between September and November 2025.

Stake Reduction Details

The two Accel funds collectively sold 4,297,129 equity shares of BlackBuck, reducing their combined holding from 10.60% to 8.23% of the company's total share capital. This represents a decrease of approximately 2.37% in their ownership stake.

Impact on Shareholding

The sale has altered the shareholding structure of the two Accel entities in BlackBuck:

Following these transactions, Accel Growth Fund V LP has completely exited its position in BlackBuck, while Accel India IV (Mauritius) Limited has reduced its holdings.

Company Background

BlackBuck Limited, previously known as Zinka Logistics Solutions Limited, is a logistics technology company listed on both the National Stock Exchange of India and BSE Limited. As of September 30, 2025, the company's total equity shares stood at 180,720,492, with a face value of INR 1 each.

Market Implications

The significant reduction in Accel's stake may raise questions among investors about the fund's long-term outlook on BlackBuck. However, it's important to note that such transactions by venture capital and private equity firms are not uncommon as part of their investment lifecycle and portfolio management strategies.

The impact of this stake reduction on BlackBuck's stock price and market perception remains to be seen. Investors and market analysts may closely monitor the company's performance and any potential changes in its strategic direction following this development.

Regulatory Compliance

The disclosure of this stake sale was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, demonstrating adherence to regulatory transparency requirements in the Indian securities market.