360 ONE Alternates reduces stake in Bluestone Jewellery
360 ONE Alternates Asset Management Limited disclosed a reduction in its shareholding of Bluestone Jewellery and Lifestyle Limited following an open market sale on June 09, 2026. The acquirer disposed of 35,14,361 shares, equivalent to 2.31% of the total share capital, via various schemes including the 360 ONE Special Opportunities Fund and Large Value Fund. This transaction reduced the total holding from 1,40,45,809 shares (9.22%) to 1,05,31,448 shares (6.91%).
*this image is generated using AI for illustrative purposes only.
360 ONE Alternates Asset Management Limited has reduced its shareholding in Bluestone Jewellery and Lifestyle Limited through an open market disposal of shares. The transaction, executed on June 09, 2026, involved the sale of 35,14,361 shares, resulting in the acquirer's stake falling below the 9% threshold. This disclosure was submitted to BSE Limited under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Disposal Details
The disposal was carried out by 360 ONE Alternates Asset Management Limited as the Investment Manager for various schemes, including the 360 ONE Special Opportunities Fund and 360 ONE Large Value Fund. The shares were sold on the open market, triggering the reporting requirement due to a change in shareholding exceeding 2% of the total voting rights.
The following table summarises the changes in shareholding:
| Parameter | Details |
|---|---|
| Target Company | Bluestone Jewellery and Lifestyle Limited |
| Acquirer | 360 ONE Alternates Asset Management Limited |
| Mode of Disposal | Open Market |
| Date of Sale | June 09, 2026 |
| Shares Sold | 35,14,361 |
| % of Total Share Capital Sold | 2.31% |
| Pre-disposal Holding | 1,40,45,809 shares (9.22%) |
| Post-disposal Holding | 1,05,31,448 shares (6.91%) |
Shareholding Background
Prior to this disposal, the acquirer along with Persons Acting in Concert (PAC) held 9.22% of the total paid-up share capital of the target company. The sale of 35,14,361 shares represents 2.21% of the total diluted share capital. Following the transaction, the acquirer's holding has decreased to 6.91% of the total share capital and 6.63% of the total diluted share capital. The equity share capital of Bluestone Jewellery and Lifestyle Limited remained unchanged at 15,24,01,781 shares.
Historical Stock Returns for BlueStone Jewellery & Lifestyle
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.08% | -5.04% | +9.77% | +2.19% | -4.43% | -4.43% |
What prompted 360 ONE Alternates to reduce its stake in Bluestone Jewellery at this time?
How will the open market sale of over 35 lakh shares impact Bluestone's stock price in the short term?
Who were the primary buyers of these shares, and does this indicate interest from other institutional investors?
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