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Accel India, 360 ONE Group Divest Over 4% Stake in BlueStone for Rs 513 Crore
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News18•25-09-2026, 14:00
Accel India, 360 ONE Group Divest Over 4% Stake in BlueStone for Rs 513 Crore
- •Venture capital firm Accel India and 360 ONE Group sold a combined 4.07% stake in omnichannel jewellery retailer BlueStone for Rs 513 crore through block deals on the BSE.
- •Accel India sold 1.84% and 360 ONE Group offloaded 2.23% of BlueStone shares at an average price of Rs 827.60 per share.
- •The shares were acquired by a mix of domestic and overseas institutional investors, including mutual funds managed by Mirae Asset, Nippon India, Bandhan, and Bajaj Life Insurance.
- •SBI Life Insurance increased its stake in BlueStone to 5.02% by purchasing over 9.5 lakh shares for Rs 79 crore.
- •This marks the second round of stake sales this year by these investors, following a stronger first-quarter performance by BlueStone, which reported a consolidated net profit of Rs 5.96 crore.
Key Questions Answered
Venture capital firm Accel India and 360 ONE Group sold a combined 4.07 per cent stake in Bengaluru-based BlueStone Jewellery and Lifestyle for Rs 513 crore through separate block deals on the BSE.
The transactions were executed at an average price of Rs 827.60 per share, resulting in a total deal value of Rs 513 crore.
Buyers included domestic mutual funds managed by Mirae Asset, Nippon India, and Bandhan, along with insurers like Bajaj Life Insurance and SBI Life Insurance, alongside foreign investors such as Goldman Sachs, Citigroup, and the Kuwait Investment Authority.
