Market veteran Sunil Singhania's Abakkus Investment Managers has acquired a 1.48% stake in BlackBuck, the country's largest trucking platform, through open-market transactions on September 11. According to reports, Abakkus acquired 27 lakh shares for ₹155.5 crore at ₹576.05 per share from Accel India IV (Mauritius). The transaction involved the sale of shares held by Accel India IV, which previously held a 7.17% stake or 1.3 crore equity shares in BlackBuck as of June 2026. BlackBuck shares responded positively to the block deal, surging 7.21% to ₹628.15 amid heavy trading volumes.
Promoters Randeep Singh Jauhar and Pradeep Singh Jauhar each sold 99.95 lakh shares, representing a 2.5% stake, in auto-parts maker Jamna Auto Industries through open-market transactions on September 11. As reported, the total stake sold was worth ₹255.87 crore at a price of ₹128 per share. The promoter stake sale was completely offset by institutional investors who acquired the entire stake sold by the Jamna Auto promoters.
Three institutional investors acquired the entire stake sold by Jamna Auto promoters, with 360 ONE Mutual Fund and 360 ONE Asset Management acquiring 99.95 lakh shares or a 2.5% stake for ₹127.93 crore. According to reports, DSP Mutual Fund picked up 78.12 lakh shares, representing a 1.95% stake, for ₹100 crore, while the Abu Dhabi Investment Authority acquired 21.82 lakh shares, or a 0.54% stake, for ₹27.93 crore.
Jamna Auto Industries shares rallied 2.73% to ₹135.46 amid heavy volumes, extending their uptrend for the fifth consecutive session on Friday. As reported, the positive market reaction to both transactions reflects investor confidence in the strategic stake changes across these two companies in the logistics and automotive sectors.
