Enterprise capital agency Accel and investment agency 360 ONE have bought shares value about Rs 513 crore in Bengaluru-based jewellery retailer BlueStone Jewelry and Lifestyle by way of block offers on the BSE.

The investors bought a mixed 61.99 lakh shares on 24 September at Rs 827.60 apiece, based on BSE block-deal information. The transactions have been value about Rs 513.01 crore. 

Accel India III (Mauritius) bought 28 lakh shares, whereas three funds managed by 360 ONE bought a mixed 33.99 lakh shares. These included 360 ONE Particular Alternatives Fund – Sequence 12, 360 ONE Giant Worth Fund – Sequence 13 and 360 ONE Giant Worth Fund – Sequence 18. 

Based mostly on BlueStone’s newest disclosed paid-up fairness capital of 15,27,78,705 shares, the mixed sale represented about 4.06% of the corporate. BlueStone had reported the up to date share rely in an change submitting on 2 September following an allotment underneath its worker inventory choice plan. 

Institutional traders purchase shares

The shares have been acquired by a mixture of home and abroad institutional traders on the similar worth of Rs 827.60 apiece.

Mirae Asset Mutual Fund purchased a mixed 20.79 lakh shares, whereas Nippon India Mutual Fund acquired about 9.50 lakh shares. SBI Life Insurance coverage and Bajaj Life Insurance coverage every bought about 9.50 lakh shares. 

SBI Life’s buy was value about Rs 78.65 crore.

Bandhan Mutual Fund was additionally among the many home patrons. Abroad traders collaborating within the transactions included Goldman Sachs Investments Mauritius, Citigroup World Markets Singapore and Kuwait Funding Authority. 

Second main sale involving Accel and 360 ONE this 12 months

The transaction was the second main stake sale involving each Accel and 360 ONE in BlueStone this 12 months.

In June, Accel India III, 360 ONE Particular Alternatives Fund – Sequence 12 and IvyCap Ventures Belief bought a mixed 46.36 lakh BlueStone shares by way of BSE bulk offers. Based mostly on the costs at which the person transactions have been executed, the gross sales have been value about Rs 242.8 crore. 

The most recent transaction comes after BlueStone reported improved monetary efficiency for the April-June quarter.

The corporate posted a consolidated internet revenue of Rs 5.96 crore in Q1 FY27, in contrast with a internet lack of Rs 34.75 crore in the identical interval a 12 months earlier.

Complete earnings elevated to Rs 751.81 crore from Rs 504.74 crore, whereas whole bills rose to Rs 744.82 crore from Rs 538.45 crore. 

BlueStone stated in its July earnings launch that it had recorded its first full 12 months of optimistic reported revenue after tax in FY26 and had continued its profitability into FY27. 

Based in 2011 by Gaurav Singh Kushwaha and Vidya Nataraj, BlueStone started as a web based jewelry enterprise earlier than increasing into bodily retail. 

The corporate now sells by way of its web site, cell app and shops, providing diamond, gold, platinum and studded jewelry. BlueStone stated its portfolio contains greater than 8,000 designs. 

It added 12 shops throughout Q1 FY27, taking its community to 352 shops throughout 139 cities as of June 2026.