Lenskart absorbs Rs 1,960 cr block deal as ADIA-backed trust trims stake at Rs 490

Around 4 crore shares (2.3% stake) changed hands at Rs 490, likely sold by Platinum Jasmine Trust. Stock recovered intraday as brokerages reiterated Rs 615 target, citing 33% FY26 India growth, 21% SSG, and a Tanishq-style category flywheel.

— Source publishedThu, 11 Jun, 2026, 09:43 IST·First seen Thu, 11 Jun, 2026, 09:56 IST·Source Business Today · Latest

What happened

Lenskart shares recovered after a Rs 1,960 crore block deal saw 4 crore shares (2.3%) trade at Rs 490, likely sold by ADIA-backed Platinum Jasmine Trust.

Key facts

  • Rs 1,960 crore
  • 4 crore shares
  • Rs 490/share
  • 2.3% stake
  • Rs 615 target
  • 33% FY26 India growth
  • 21% SSG

Why this matters

Platinum Jasmine Trust's 2.3% exit at Rs 490 establishes a clean liquidity benchmark for future secondary placements and pre-IPO unlock pricing.