BlueStone slips 6.5% as early backers exit ₹300 cr stake via block deal
360 One, Accel, IvyCap and Iron Pillar offloaded 58 lakh shares (3.8%) at a ₹520 floor — a 5.4% discount — sending BlueStone Jewellery to ₹512.80. Sellers face a 90-day lock-up. FY26 revenue rose 38% to ₹2,436 cr; net profit ₹13 cr.
What happened
BlueStone Jewellery shares fell 6.5% after early investors including 360 One, Accel, IvyCap and Iron Pillar offloaded ₹300 crore (3.8% stake) via block deal at
Key facts
- ₹300 crore block deal
- 58 lakh shares (3.8% equity)
- floor price ₹520
- 5.4% discount
- shares fell 6.5% to ₹512.80
- Q4 FY26 net profit ₹31 cr
- Q4 revenue ₹681 cr (+48%)
- FY26 revenue ₹2,436 cr (+38%)
- FY26 net profit ₹13 cr
- 90-day lock-up
Why this matters
Discounted exits by four institutional backers widen the float and could surface BlueStone as a consolidation or strategic-stake target in India's organised jewellery space, particularly for players seeking digital-first distribution at 38% growth.