360 ONE AIF sold 1,055,074 shares of BlueStone Jewellery and Lifestyle Limited for ₹55.10 Cr at ₹522.20 apiece in a bulk deal. This transaction was part of a larger sale by several investors where 35,14,361 shares (2.31% of total share capital) were sold, reducing 360 ONE AIF's total holding from 9.22% to 6.91%.
A jewellery manufacturer and retailer specializing in diamond, gold, platinum, and studded pieces, Bluestone operates through physical stores and an online platform across India. The company designs and produces its own jewellery collections, controlling production from conception to customer delivery. Bluestone distinguishes itself through vertical integration and direct manufacturing capabilities, allowing greater quality control, design flexibility, and customer engagement across its diverse product range.
360 ONE AIF is the alternative investments arm of 360 ONE Asset Management, formerly IIFL Asset Management, part of the 360 ONE group. It manages alternative investment funds spanning listed equity, private equity and private credit strategies for sophisticated and institutional investors, led by chief investment officer Anup Maheshwari.