India, Nov. 19 -- BlackBuck's three cofounders together sold shares worth INR 243.5 Cr in the listed logistics major via multiple block deals yesterday.

As per Trendlyne, the trio together offloaded 36 Lakh shares at INR 676.6 apiece to rake in the amount. While cofounder and CEO Rajesh Yabaji sold 20 Lakh shares for INR 135.3 Cr, COO Chanakya Hridaya and executive director Ramasubramanian Balasubramaniam sold eight Lakh shares each for INR 54.11 Cr.

With this, Yabaji's shareholding in the company has declined to 10.7% from 11.81% earlier, while Hridaya's stake has reduced to 7.45% from 7.89%. Balasubramaniam's shareholding, too, has declined to 6.98% from 7.42% earlier.

The shares that flooded the market were lapped up by Discovery Gl...