Lenskart Stake Sale Sparks Market Buzz as Abu Dhabi Fund Divests 2.3% for ₹1,960 Crore
Abu Dhabi Investment Authority Sells Major Stake in Lenskart
Abu Dhabi Investment Authority (ADIA)-owned Platinum Jasmine A 2018 Trust has sold a significant equity stake in Lenskart Solutions. The trust divested 2.3 percent of its shares in the eyewear giant through open market transactions on June 11. This substantial sale brought in ₹1,960 crore.Platinum Jasmine A 2018 previously held a 12.08 percent stake in Lenskart as of March 2026. The divestment positions this trust as the second largest public shareholder after Softbank in the company.
Block Deal Details Unveiled for Lenskart Equity Sale
The block deal details reveal how the transaction was executed. Platinum Jasmine A 2018 offloaded a total of 4 crore equity shares of the eyewear company. These shares were sold at a price of ₹490 per share.A diverse group of 19 global and domestic investors bought this 2.3 percent stake. The buyers include major financial institutions both globally and within India. Kotak Mahindra Asset Management was among the key purchasers, acquiring 1.27 crore shares which represent a 0.7 percent stake for ₹626 crore.
Global Investors Acquire Shares in Lenskart
Several global investors participated actively in securing this tranche of Lenskart stock. These include Integrated Core Strategies (Asia), Morgan Stanley Asia Singapore, Societe Generale, and Viridian Asia Opportunities Master Fund. Goldman Sachs Investments Mauritius was also one of the buyers listed.Franklin Templeton Mutual Fund, Ghisallo Master Fund, and Citigroup Global Markets Mauritius were among the global participants. Collectively, these international entities acquired 89.79 crore shares representing a 0.51 percent stake for ₹440 crore.
Domestic Institutional Investors Take Charge of Bulk Purchase
The domestic investor community secured a significant portion of the sold equity. National Pension System (NPS) Trust, ICICI Prudential MF, and Kotak Mahindra Life Insurance Company were among the key buyers. SBI MF was also listed as a participant in this allocation.A total of 3.05 crore shares, representing a 1.75 percent stake, were bought by domestic institutions. This purchase accounted for ₹1,495 crore of the transaction value. Key domestic players included HDFC Life Insurance Company and Aditya Birla Sun Life MF.
Stock Market Reaction Following Stake Divestment
Following the news of the stakeholder sale, Lenskart Solutions saw a positive market reaction. The company’s shares rose 0.42 percent on the National Stock Exchange (NSE). Lenskart Solutions stock closed at ₹502.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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