BNP, SocGen and Millennium sell ₹2,670 crore of Lenskart shares; BlackRock leads buying

BNP Paribas, Societe Generale and a Millennium affiliate sold Lenskart shares worth ₹2,670.2 crore in block deals. BlackRock acquired 2.83 crore shares for ₹1,876.3 crore, following Lenskart’s strong Q1 FY27 earnings and recent stock rally.

— Source publishedTue, 1 Sept, 2026, 04:50 IST·First seen Tue, 1 Sept, 2026, 05:16 IST·Source Inc42

What happened

BNP Paribas, Societe Generale and Millennium sold Lenskart shares worth ₹2,670.2 crore through block deals, with BlackRock the major buyer. The transactions

Key facts

  • ₹2,670.2 crore total shares sold
  • BNP Paribas: 1.3 crore shares for ₹855 crore at ₹662.22
  • Societe Generale: 1.4 crore shares for ₹930.8 crore at ₹661.50
  • Millennium affiliate: nearly 1.4 crore shares for ₹893.3 crore at ₹661.15
  • BlackRock bought 2.83 crore shares for ₹1,876.3 crore at ₹662.63
  • Q1 FY27 net profit: ₹228.4 crore, up 273% YoY
  • Q1 FY27 operating revenue: ₹2,714.2 crore, up 43% YoY
  • Share price: ₹662.55, up 26.5% in three months and 46.9% YTD

Why this matters

The large secondary transaction broadens institutional ownership and validates Lenskart’s strategic value, potentially improving its currency for future acquisitions or partnerships.

What to watch

  • BlackRock or other global institutions crossing reportable ownership thresholds.
  • A second large institutional purchase that validates demand for Lenskart shares.
  • Further sales by early investors, affiliates or financial institutions.
  • Quarterly results showing continued revenue growth alongside operating-margin expansion.
  • Any slowdown in eyewear demand, store productivity or digital acquisition efficiency.
  • Valuation compression in Indian consumer, retail or newly listed growth stocks.
  • Track post-deal shareholding disclosures to determine BlackRock’s aggregate stake and whether BNP Paribas, Societe Generale or Millennium affiliates retain meaningful positions.
  • Watch for additional block deals or bulk-sale filings, which would indicate residual pre-IPO or financial-investor supply.
  • Monitor broker target-price revisions and changes in earnings estimates following the Q1 FY27 result.
  • Assess management commentary on same-store sales growth, new-store additions, international expansion, gross margin and EBITDA margin.
  • Watch trading volumes and delivery percentages for evidence that block-deal shares are being retained by long-only investors rather than redistributed quickly.

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