Accel Offloads BlackBuck Shares Worth INR 203.8 Cr

Shortly after its Q4 financial disclosures, BlackBuck’s seed investor Accel has offloaded 4.85 Mn or 48.5 Lakh shares in the logistics major through two bulk deals today. The VC firm sold 25 Lakh shares held under Accel Growth Fund for INR 420.04 apiece, while it sold 23.5 Lakh shares for INR 420.29 apiece from its Accel India IV (Mauritius) fund.

Cumulatively, Accel netted INR 203.8 Cr from the bulk deal in BlackBuck. Meanwhile, a portion of the offloaded shares, 9.52 Lakh shares to be…