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BlueStone Shares Worth ₹513 Crore Change Hands in Major Block Deal
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CNBC TV18•24-09-2026, 09:26
BlueStone Shares Worth ₹513 Crore Change Hands in Major Block Deal
- •BlueStone Jewellery and Lifestyle Ltd. saw 61.98 lakh shares, representing 4.1% of its total outstanding equity, change hands in a pre-market block deal.
- •The transaction was valued at ₹513 crore, with shares trading at an average price of ₹827 each.
- •Accel India III (Mauritius) Ltd and 360 ONE AAM Funds were identified as the selling shareholders.
- •The floor price for the deal was set at ₹800 per equity share, a 6.5% discount to the previous day's closing price.
- •Sellers are subject to a 60-day lock-in period before further share sales; BlueStone shares closed 8.64% lower on Wednesday but have rallied nearly 80% this year.
Key Questions Answered
As many as 61.98 lakh shares of BlueStone Jewellery and Lifestyle changed hands in a block deal, amounting to 4.1% of the company's total outstanding equity with a total transaction value of ₹513 crore at an average price of ₹827 per share.
The selling shareholders in the block deal are Accel India III (Mauritius) Ltd and 360 ONE AAM Funds, and they will be subject to a 60-day lock-in period before selling any further shares.
The floor price for the transaction was set at ₹800 per equity share, representing a 6.5% discount to the stock's previous close.
