Accel, 360 ONE Sell 4.07% BlueStone Stake for Rs 513 Crore
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Khushi Jain
- September 26, 2026
Venture capital firm Accel and investment firm 360 ONE have sold a combined 4.07% stake in jewellery retailer BlueStone for around Rs 513 crore through bulk and block deals.
According to BSE data, Accel India III (Mauritius) sold 28 lakh shares, representing a 1.84% stake, while funds managed by 360 ONE offloaded around 33.98 lakh shares, or a 2.23% stake. The shares were sold at Rs 827.60 per share, taking the total deal value to around Rs 513 crore.
The shares were picked up by a mix of domestic and overseas institutional investors, according to the stock exchange.
Mirae Asset Mutual Fund bought around 20.8 lakh shares, while Nippon India Mutual Fund, SBI Life Insurance and Bajaj Life Insurance acquired around 9.5 lakh shares each.
Other buyers included Bandhan Mutual Fund, Goldman Sachs, Citigroup Global Markets Singapore and Kuwait Investment Authority.
Following the transaction, Accel’s holding through its affiliates declined to 8.71% from 10.55%.
SBI Life’s stake, meanwhile, increased to 5.02% from 4.4% after it bought more than 9.5 lakh shares worth around Rs 79 crore.
Second Major Stake Sale in 2026
This is the second major stake sale by Accel and 360 ONE in BlueStone this year.
In June, Accel, 360 ONE and IvyCap Ventures sold shares worth around Rs 243 crore through multiple open-market transactions.
The latest stake sale comes as BlueStone has been showing an improvement in its profitability. The jewellery retailer recently reported its third consecutive profitable quarter following a sharp improvement in its financial performance.
BlueStone Reports Profit in Q1 FY27
In Q1 FY27, BlueStone reported a consolidated net profit of Rs 5.96 crore, compared with a net loss of Rs 34.74 crore in the same quarter last year.
Its total income rose 49% year-on-year to Rs 751.81 crore during the quarter.
The company had also hit the 20% upper circuit following the announcement of its quarterly results.
BlueStone Business and Market Capitalisation
Founded in 2011 by Gaurav Singh Kushwaha and Vidya Nataraj, BlueStone operates an omnichannel jewellery business and offers more than 8,000 designs across rings, pendants, earrings and other categories.
The company had 352 stores across 139 cities as of June 2026.
BlueStone’s shares closed at Rs 809.30 on September 24, giving the company a total market capitalization of around Rs 12,364 crore ($1.3 billion).
FAQs
1. How much stake did Accel and 360 ONE sell in BlueStone?
Accel and 360 ONE sold a combined 4.07% stake in BlueStone.
2. How much was the BlueStone stake sale worth?
The shares were sold for around Rs 513 crore at Rs 827.60 per share.
3. What is Accel’s stake in BlueStone after the transaction?
Accel’s holding through its affiliates declined to 8.71% from 10.55%.
4. What was BlueStone’s net profit in Q1 FY27?
BlueStone reported a consolidated net profit of Rs 5.96 crore in Q1 FY27, compared with a net loss of Rs 34.74 crore in the same quarter last year.
5. How many stores did BlueStone have as of June 2026?
BlueStone had 352 stores across 139 cities as of June 2026.
