The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for 360 ONE Special Opportunities Fund Series 11
BLUESTONE · price
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Awaiting price reaction for this filing.
This is a disclosure under SEBI's takeover regulations filed by a group of 360 ONE funds (acting in concert), which collectively hold 1,40,45,809 shares (9.28%) in BlueStone Jewellery and Lifestyle. No new shares were actually acquired in this transaction — the holding remains unchanged at 9.28% both before and after. The disclosure was triggered because BlueStone's unlisted shares converted to listed status following its IPO listing on August 19, 2025. The acquirers are not part of the promoter group. A footnote mentions that as part of the IPO process, the acquirer's holding fell by more than 2% through a staggered sale of shares.
Neutral to slightly positive for existing shareholders — it confirms a marquee institutional investor (360 ONE) continues to hold a meaningful ~9.28% stake post-listing, just below the 10% disclosure trigger, signaling continued institutional conviction despite the IPO-driven stake dilution.