Steadview Capital is competing to invest in BlueStone

Three persons with knowledge of the case claimed that international hedge fund Steadview Capital Management Llc has entered the race to pay $100 million for a major minority investment in Indian jeweller BlueStone Jewellery and Lifestyle Pvt. Ltd., which is funded by Ratan Tata.

India-focused Under the condition of anonymity, the people added that Steadview is in competition with Singapore state investor Temasek Holdings (Pvt.) Ltd, which is already investigating BlueStone.

One of the three persons stated, “The deal values the company at 4,000 crore ($500 million), and the stake on offer is 20%, which would be a mix of primary and secondary shares.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top