Kalaari, Iron Pillar offload Bluestone stakes worth Rs 443 Cr in 2024

Bluestone Jewellery and Lifestyle facilitated secondary share transactions worth Rs 443 crore between February and September 2024, allowing early investors to partially exit and late-stage institutional funds to enter ahead of its upcoming IPO, according to its Red Herring Prospectus (RHP).

Iron Pillar Fund and Kalaari Capital offloaded part of their stake to 360 One, Peak XV, and Steadview Capital via off-market deals.

In February 2024, Iron Pillar sold 3.26 lakh shares to 360 One…