ADIA to trim 2.3% Lenskart stake via ₹1,944 cr block at ₹486 floor

Abu Dhabi's Platinum Jasmine plans to offload 2.3% in Lenskart through a ₹1,944 crore block deal priced at ₹486 floor. Same session sees Fidelity exit 1.31% of Meesho for ₹988 crore, while T. Rowe Price scoops up 0.76% in Sapphire Foods. Marquee investor churn signals shifting conviction across new-age and QSR retail names.

— Source publishedThu, 11 Jun, 2026, 08:23 IST·First seen Thu, 11 Jun, 2026, 08:24 IST·Source Mint · Markets

What happened

ADIA's Platinum Jasmine to sell 2.3% stake in Lenskart via ₹1,944 cr block deal at ₹486 floor. Fidelity offloaded 1.31% in Meesho for ₹988 cr. T. Rowe Price

Key facts

  • ₹1,944 crore
  • 2.3% stake
  • ₹486 floor
  • ₹988 crore
  • 1.31% stake
  • ₹44.3 crore

Why this matters

Block-deal liquidity at ₹486 Lenskart floor resets the comparable for any eyewear or D2C secondary you're pricing this quarter—update your cap-table benchmarks before the next term sheet.