Institutional investors Accel and 360 ONE sold a combined 61.98 lakh shares of omnichannel jewellery retailer BlueStone in multiple block deals valued at ₹513 crore on September 24, according to BSE data reported by inc42.com. Accel India III (Mauritius) offloaded 28 lakh shares for ₹231.7 crore, while four funds under 360 ONE sold nearly 34 lakh shares for ₹281.3 crore. The shares were sold at ₹827.60 each, a 3% premium to the stock's closing price.
The buyers of these shares included domestic mutual funds and insurance companies, with Mirae Asset Mutual Fund acquiring 20.8 lakh shares. Bajaj Life Insurance, SBI Life Insurance, and Nippon India Mutual Fund each purchased 9.5 lakh shares. International investors such as Kuwait Investment Authority, Goldman Sachs, and Citigroup Global Markets Singapore also took stakes in BlueStone. The transactions resulted in nearly 4% of the company’s equity changing hands.
Accel was one of BlueStone’s largest shareholders, holding 1.6 crore shares or about 10.1% stake as of June 30, 2026. The firm has now sold 17.4% of its holdings through this transaction. Meanwhile, 360 ONE held approximately 3.8% stake at the end of the June quarter. This sale marks the second time this year that Accel, 360 ONE, and IvyCapVentures have offloaded BlueStone shares, with a previous sale in June involving 46.4 lakh shares worth ₹242.8 crore.
The block deals underscore significant institutional reshuffling in BlueStone’s shareholding ahead of the company’s next financial reporting cycle. The stock transactions were executed on September 24, with the shares purchased at a premium, reflecting ongoing investor interest in the jewellery retailer.