Investors IvyCap Ventures, Accel, and 360 ONE offloaded 46.4 lakh shares of omnichannel jewellery brand BlueStone in multiple open-market transactions totaling ₹242.8 crore on June 8. IvyCap Ventures sold 26.04 lakh shares at ₹524.97 apiece, raising ₹136.7 crore, while 360 ONE sold 10.6 lakh shares for ₹55.1 crore. Early backer Accel offloaded 9.8 lakh shares at ₹522.08 each, garnering ₹51 crore, according to BSE data reported by inc42.com.
The shares were sold at an average price of ₹523.08 per share, reflecting a 0.9% discount to BlueStone’s last closing price on the BSE on Tuesday. Nippon India Mutual Fund acquired 25 lakh shares at ₹522.05 apiece for ₹130.5 crore. The block deals followed a recent uptick in BlueStone’s stock price, which rose more than 6.7% in the past week and 12.1% year-to-date, driven by the company’s strong financial performance, inc42.com reported.
BlueStone posted a net profit of ₹31.2 crore in Q4 FY26, reversing a net loss of ₹51.3 crore in the same quarter last year. Its operating revenue surged 48% year-on-year to ₹681.5 crore during the quarter. The company recently stated it aims to achieve annual revenue of ₹12,000 crore by FY30, nearly five times its FY26 revenue, supported by aggressive store expansion. This financial turnaround and growth ambition have attracted investor interest, according to inc42.com.
The share sale by IvyCap, Accel, and 360 ONE marks a significant profit-booking move amid BlueStone’s improving market position. The company’s next quarterly earnings report, expected in late July, will provide further clarity on its growth trajectory and financial health, inc42.com noted.