360 ONE cuts Bluestone stake to 4.59% after selling 35.14 lakh shares
- 360 ONE Alternates Asset Management sold 35,13,672 shares of Bluestone Jewellery & Lifestyle Ltd via open market
- Aggregate holding dropped from 6.89% to 4.59% of total share capital following the September 24, 2026 transaction
- Post-disposal holding stands at 70,17,776 shares, falling below the 5% SEBI reporting threshold
*this image is generated using AI for illustrative purposes only.
Bluestone Jewellery & Lifestyle Ltd saw a reduction in institutional holding as 360 ONE Alternates Asset Management Limited disclosed the sale of 35,13,672 equity shares in an open market transaction. The disposal, executed on September 24, 2026, lowered the aggregate shareholding of the investment manager and its associated funds to 4.59% of the company's total voting capital.
The disclosure was filed with the National Stock Exchange of India Limited under Regulation 29 and Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing covers multiple schemes managed by 360 ONE Alternates Asset Management, including various series of Special Opportunities Funds and Large Value Funds.
Shareholding details
Prior to this transaction, the combined holding of the acquirer and persons acting in concert stood at 1,05,31,448 shares, representing 6.89% of the total share/voting capital. The sale of 35,13,672 shares resulted in a decline of 2.30% in terms of total share capital and 2.21% in terms of diluted share capital.
Following the disposal, the remaining holding is 70,17,776 shares. This places the stake below the 5% regulatory reporting threshold, although the entity remains a significant shareholder.
| Metric | Before Disposal | Disposal | After Disposal |
|---|---|---|---|
| Number of Shares | 1,05,31,448 | 35,13,672 | 70,17,776 |
| % of Total Share Capital | 6.89% | 2.30% | 4.59% |
| % of Diluted Capital | 6.63% | 2.21% | 4.42% |
Transaction specifics
The mode of disposal was recorded as open market sale. The date triggering the reporting obligation was September 24, 2026. The total equity share capital of Bluestone Jewellery & Lifestyle Ltd before the disposal was reported as 15,27,78,705 shares based on the shareholder pattern as of September 23, 2026. After the disposal, the total equity share capital was listed as 14,57,60,929 shares as per the pattern dated September 24, 2026.
The total diluted share/voting capital of the target company after the said disposal was noted as 15,19,06,598 shares as of September 24, 2026. The filing was signed by Sonali Tendulkar, Authorised Signatory for 360 ONE Alternates Asset Management Limited.
Historical Stock Returns for BlueStone Jewellery & Lifestyle
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.85% | -4.99% | -3.02% | +59.20% | +36.23% | +43.99% |
How might the reduction of 360 ONE's stake below the 5% regulatory threshold impact Bluestone's stock liquidity and price volatility in the short term?
Are there indications that other institutional investors are reassessing their positions in Bluestone Jewellery & Lifestyle following this significant open market disposal?
What specific operational or financial developments at Bluestone could have prompted 360 ONE to reduce its exposure by over 2% in a single transaction?
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