Accel and 360 ONE sell 4% BlueStone stake for ₹513 crore
Accel India and 360 ONE Group sold just over 4% of BlueStone, an online and offline jewellery retailer, in block deals totaling ₹513 crore. They offloaded 61.98 lakh shares on the BSE at ₹827.60 apiece. New buyers included Mirae Asset Mutual Fund and Kuwait's sovereign fund. This marks their second major stake sale in BlueStone in 2024.
- Accel India sold 28 lakh shares for about ₹231.7 crore
- 360 ONE sold 33.98 lakh shares for around ₹281.3 crore
- Shares went mostly to mutual funds and global institutions
- This is their second sale of BlueStone shares this year
- BlueStone reported a profit last quarter after a year-ago loss
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