ADIA arm to trim 2.3% Lenskart stake via ₹1,944 cr block deal ahead of IPO

Platinum Jasmine, an ADIA investment vehicle, plans to offload 40 million Lenskart shares at a ₹486 floor price—a 2.8% discount to Friday's ₹500.15 close. The $204 million block, managed by IIFL Capital, comes ahead of the eyewear retailer's anticipated public listing.

— Source publishedWed, 10 Jun, 2026, 20:01 IST·First seen Wed, 10 Jun, 2026, 20:13 IST·Source Business Standard · Companies

What happened

ADIA's investment vehicle Platinum Jasmine plans a ₹1,944 crore block deal to sell 2.3% stake (40 million shares) in Lenskart at ₹486 floor price, ahead of the

Key facts

  • ₹1,944 crore
  • $204 million
  • 40 million shares
  • 2.3%
  • ₹486 floor price
  • ₹500.15 closing
  • 2.8% discount

Why this matters

A liquid pre-IPO block managed by IIFL clears overhang and tests institutional demand depth, creating a cleaner cap table and a reference price for anchor allocations in the upcoming float.