360 ONE Alternates funds sell 35,13,672 shares in open market; stake down to 4.59%

360 ONE Alternates Asset Management (non-promoter) sold 35,13,672 equity shares in the open market on September 24, 2026.

Tue 29 Sep 2026

Shares Sold

35,13,672 equity shares

Holding Before

1,05,31,448 shares (6.89%)

Holding After

70,17,776 shares (4.59%)

Sale Date

September 24, 2026

Percentage Reduction

2.30% of total share capital

What was shared

The company received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from 360 ONE Alternates Asset Management Limited, investment manager to 16 funds holding BlueStone shares. The disclosure is dated September 28, 2026.

The transaction

• Shares sold: 35,13,672, equal to 2.30% of total share capital and 2.21% of diluted capital
• Mode: Open Market
• Date of sale triggering reporting: September 24, 2026

Holding before and after

• Before: 1,05,31,448 shares, 6.89% of capital (6.63% diluted)
• After: 70,17,776 shares, 4.59% of capital (4.42% diluted)

The seller is not part of the promoter or promoter group. The update notes the holding before disposal is as on June 09, 2026, and that a staggered sale caused the holding to fall by more than 2%, triggering the disclosure.

Capital base cited

• Equity/voting capital before the disposal: 15,27,78,705 shares (as per shareholding pattern as on 23 September 2026)
• Equity/voting capital after the disposal: 14,57,60,929 shares (as on 24 September 2026)
• Total diluted share/voting capital after the disposal: 15,19,06,598 shares

How to read it

This is an ownership-change disclosure, not a company action. An early institutional investor has reduced its stake below the 5% threshold. Such disclosures are routine once a shareholder's holding changes by more than 2%.

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