Bengaluru-based BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand, BlueStone, has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The company had filed its IPO papers with Sebi on…
US buyout fund Advent International is in advanced negotiations to pick up a controlling stake in Orra Fine Jewellery, owned by one of the country’s top diamond manufacturers and retailers, Rosy Blue Group, multiple people in the know said. The proposed deal could value Orra at Rs 1,500-1,750 crore ($174-203 million), the people said, as…
Jewellery retailer Bluestone, which on Thursday filed the draft papers for an initial public offering, is expected to price the issue at a valuation of Rs 12,000-13,000 crore, a more than 50% jump from its most recent fundraising from the private market, people in the know told ET. In August, the Bengaluru-based company closed a…
Bluestone’s board has given a go ahead for its initial public offering through which the jewellery retailer is looking to raise Rs 1,000 crore in fresh capital. The company is expected to file its draft red herring prospectus over the course of next week or so, people aware of the matter said. Offline store expansion…
New Delhi: Titan eyecare’s CEO Saumen Bhaumik has been appointed as CaratLane’s new Managing Director. Bhaumik’s appointment comes after last year Titan acquired the remaining stake in CaratLane, valuing the firm at Rs 17,000 crore. Following the deal, CaratLane founder Mithun Sacheti made an exit from the business, selling 27.18 his per cent stake in…
Jewellery retailer Bluestone has closed a Rs900-crore financing round that more than doubles the IPO-bound firm’s valuation to $970 million, or Rs 8,100 crore, multiple people aware of the development said. The Accel-backed firm is now set to file the draft red herring prospectus for its initial public offering (IPO) with the stock market regulator…
