ADIA to offload 2.3% Lenskart stake in Rs 1,944 cr block deal at 2.9% discount
Abu Dhabi Investment Authority will sell 40 million Lenskart shares at a Rs 486 floor, days after SoftBank's Rs 2,873 cr exit. The back-to-back trims signal accelerating institutional churn following November 2025 IPO lock-in expiry, even as Lenskart holds a Rs 87,000 cr market cap.
What happened
ADIA will sell a 2.3% stake in Lenskart via a Rs 1,944 crore block deal at Rs 486 floor, a week after SoftBank's Rs 2,873 crore exit, signalling continued
Key facts
- 2.3% stake
- Rs 1,944 crore
- 40 million shares
- floor price Rs 486
- 2.9% discount
- market cap Rs 87,000 crore
- ADIA residual 12.1% stake
- Rs 4,113 crore 2023 investment
- SoftBank Rs 2,873 crore prior sale
Why this matters
Accelerating post-IPO churn from anchor holders opens a window to engage secondary buyers and strategic eyewear players seeking scaled Asia exposure at a softening entry price.