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BlueStone Investors Cash In Big
25 Sep
Summary
- Accel and 360 ONE sold 4.07% of BlueStone for Rs 513 crore.
- BlueStone reported its third consecutive profitable quarter recently.
- The company operates 352 stores across 139 cities as of June 2026.
Investment firms Accel and 360 ONE have collectively sold a 4.07% stake in BlueStone, a prominent jewellery retailer, for around Rs 513 crore via bulk and block deals.
Accel India III (Mauritius) offloaded 1.84% of its holding, while 360 ONE funds sold 2.23%, with shares priced at Rs 827.60 each.
This transaction saw domestic and international institutional investors, including Mirae Asset Mutual Fund and Nippon India Mutual Fund, acquire the shares. Following the sale, Accel's stake decreased to 8.71%.
The stake sale occurs as BlueStone demonstrates a marked improvement in profitability, reporting its third straight profitable quarter in Q1 FY27. Net profit stood at Rs 5.96 crore, a significant turnaround from the previous year's loss.
Total income for the quarter rose by 49% year-on-year to Rs 751.81 crore. BlueStone, established in 2011, operates an omnichannel model with over 8,000 designs and maintained 352 stores across 139 cities as of June 2026.
As of September 24, 2026, BlueStone's shares closed at Rs 809.30, valuing the company at approximately Rs 12,364 crore.
