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Goldman Sells 2.74% in BlackBuck for Rs 295 Crore as Nomura Lifts Stake

The block trade underscores early backers monetizing gains following a sharp post-IPO rally.

Overview

  • GSAM Holdings LLC offloaded 49.09 lakh BlackBuck shares, equal to about 2.74%, at an average Rs 600.32 for roughly Rs 294.75 crore in a Sept. 1 bulk deal.
  • Nomura India Investment Fund Mother Fund purchased 41.16 lakh shares at about Rs 599.77, taking its stake to 3.94% from 1.64%.
  • Public disclosures leave uncertain whether Goldman Sachs has fully exited because some holdings were in physical form and demat accounts were reportedly not operational.
  • BlackBuck shares closed at Rs 635.05 on the BSE, well above the Rs 279.05 listing price and near a recent record high of Rs 670.05.
  • The trading follows strong Q1 FY26 results—profit up 17% year on year to Rs 33.7 crore and operating revenue up over 56% to Rs 143.6 crore—and earlier sell-downs by Sands Capital, Wellington, Accel and Flipkart.