ADIA offloads ₹1,960 Cr in Lenskart, third post-IPO exit in a week
Abu Dhabi Investment Authority sold 4 Cr Lenskart shares at ₹490 via block deal, scooped up by Kotak, Canara Robeco, NPS Trust and global funds. Follows SoftBank trim as lock-in expiry triggers investor churn. Lenskart's FY26 revenue hit ₹8,814 Cr (+33%), profit ₹500.9 Cr (+69%); m-cap ₹87,344 Cr.
What happened
ADIA sold 4 Cr Lenskart shares for ₹1,960 Cr via block deal at ₹490 apiece, picked up by Kotak, Canara Robeco, NPS Trust and foreign funds. Third investor exit
Key facts
- ₹1,960 Cr block deal
- 4 Cr shares at ₹490
- ADIA's 2023 investment $500 Mn
- Market cap ₹87,344.6 Cr
- FY26 revenue ₹8,814 Cr (+33%)
- FY26 net profit ₹500.9 Cr (+69%)
- Q4 FY26 revenue ₹2,515.7 Cr (+46% YoY)
Why this matters
Lenskart's ₹87,344 Cr m-cap on FY26 ₹8,814 Cr revenue (~10x sales) sets a premium eyewear/D2C benchmark that reshapes comp tables for any retail or omnichannel deal in the pipeline.
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- Inc42 — Same time