Overview
- Platinum Jasmine A 2018 Trust, the ADIA holding vehicle, sold 4,00,00,000 Lenskart shares on June 11 at Rs 490 per share, generating about Rs 1,960 crore.
- IIFL Capital Services acted as the placement agent and the block was allocated across domestic mutual funds, the NPS Trust and several foreign institutions.
- The ADIA sale follows earlier investor exits after the six‑month post‑listing lock‑in expired on May 8, including SoftBank’s 5.65 crore sale on June 3 and a smaller JP Morgan sell‑down in early June.
- The stock showed only a muted reaction, opening lower but recovering to trade near Rs 500 as brokers pointed to strong quarterly revenue and positive coverage that supported demand.
- The transactions are widening Lenskart’s free float and shifting holdings from early backers to institutional buyers, a change that increases liquidity but could lead to further staged sell‑downs to meet investor profit‑taking.