Global investors acquire 2.3% stake for ₹1,960 crore
International financial institutions including Goldman Sachs, Morgan Stanley, and Societe Generale have jointly purchased a 2.3% stake in eyewear retailer Lenskart Solutions through a block deal valued at ₹1,960 crore on Thursday.
Who was the seller?
The shares were offloaded by Platinum Jasmine A 2018 Trust, an investment entity of the Abu Dhabi Investment Authority (ADIA). This trust sold 4 crore shares of the company led by Peyush Bansal.
What was the size of the deal?
A total of 4 crore shares, equating to a 2.3% stake in Lenskart, were exchanged at an average price of ₹490 per share, resulting in a transaction worth ₹1,960 crore.
Who were the buyers?
In addition to Goldman Sachs, Morgan Stanley, and Societe Generale, the list of buyers included Integrated Core Strategies (Asia), Ghisallo Capital Management, Citigroup Global Markets Mauritius, and Viridian Asset Management. Domestic investors such as ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, SBI Mutual Fund, Canara Robeco Mutual Fund, Franklin Templeton Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Alpha Alternatives Holdings participated as well.
Insurance firms such as ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, HDFC Life Insurance, and NPS Trust were also among the purchasers.
What is ADIA’s current stake?
After this transaction, ADIA’s ownership in Lenskart dropped to 9.78% from 12.08%, yet it continues to be a significant shareholder in the company.
What is the status of SoftBank?
This block deal occurred a week after technology investor SoftBank Group divested a 3.25% stake in Lenskart for ₹2,873 crore. Prior to Lenskart’s public listing, SoftBank held a substantial position in the company.
How did the stock respond?
Following the transaction, Lenskart shares increased by 0.37%, closing at ₹502 each on the NSE, reflecting positive investor sentiment despite the considerable stake sale.
What was Lenskart’s Q4 performance?
In the March quarter, Lenskart reported a 7.5% year-over-year drop in consolidated profit after tax to ₹203.6 crore, down from ₹220.1 crore the previous year.
However, revenue from operations surged 45.6% year-over-year, reaching ₹2,516 crore compared to ₹1,728 crore, indicating robust growth across both online and offline channels.
Lenskart operates one of India’s largest eyewear retail networks, featuring thousands of stores in both domestic and international markets. The company also produces eyewear products through its own manufacturing facilities.
(Edited by : Srabastee Biswas)
First Published: Jun 11, 2026 8:09 PM IST
