Accel India, 360 ONE Group sell over 4% stake in BlueStone for ₹513 cr
Sold shares find buyers among a mix of domestic and overseas institutional investors, who acquired an equal number of shares at the same price
Accel India and 360 ONE Group jointly sold a 4.07 per cent stake in Bangalore-based jewellery retailer BlueStone for ₹513 crore through block deals on the BSE. Accel India's affiliate sold 28 lakh shares, while 360 ONE Group's funds offloaded 33.98 lakh shares. The investors found buyers among domestic and overseas institutional investors including mutual funds, insurance companies, and foreign entities like Goldman Sachs, Citigroup, and Kuwait Investment Authority.
The share price of BlueStone fell 1.48 per cent to ₹793.10 on the BSE following the stake sale, which was the second round of share sales by the investors this year.
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Also reported by 1 other outlet
- Accel India, 360 ONE Group sell over 4% stake in BlueStone for Rs 513 crore economictimes.indiatimes.com
