ADIA arm to offload 2.3% Lenskart stake in Rs 1,944 crore block deal
Abu Dhabi sovereign fund's Platinum Jasmine A 2018 Trust is selling up to 4 crore Lenskart shares at a Rs 486 floor price, raising about $204 million via an IIFL-brokered block deal closing Thursday. The exit follows Lenskart's high-profile listing and tests post-IPO investor appetite for the eyewear retailer.
What happened
ADIA's Platinum Jasmine A 2018 Trust is selling up to 4 crore shares (2.3%) of Lenskart at a floor price of Rs 486, raising about Rs 1,944 crore via an
Key facts
- 2.3% stake
- 4 crore shares
- Rs 486 floor price
- Rs 1,944 crore
- $204 million
Why this matters
Early sovereign exits via IIFL-brokered blocks are becoming the default unlock path post-listing—model this as the new playbook for ADIA-style holders sitting on Indian consumer IPO stakes.