ADIA to trim Lenskart stake in $204M block, echoing SoftBank exit wave
Abu Dhabi Investment Authority plans to sell up to 2.3% of Lenskart for ~$204M at a ₹486 floor, days after SoftBank offloaded 3.25%. The post-lock-in supply hits as Q4 profit slipped 9% YoY despite revenue growing 46% to ₹2,516 crore.
What happened
ADIA is selling up to 2.3% of Lenskart via block deal worth ~$204 million at ₹486 floor, following SoftBank's recent 3.25% sell-down. Comes after May lock-in
Key facts
- $204 million
- ₹1,944 crore
- 40 million shares
- 2.3% stake
- ₹486 floor price
- ₹500.15 BSE close
- 11.99% ADIA stake
- Q4 net profit ₹200 crore (-9% YoY)
- revenue ₹2,516 crore (+46%)
Why this matters
Cleaner cap table post-anchor trim creates room for strategic partners or pre-IPO entrants to build positions, but the 9% profit dip weakens leverage in any near-term M&A or fundraise pricing talks.