Lenskart: Kotak MF, Canara Robeco, NPS Trust lap up ₹997 cr as Platinum Jasmine exits ₹1,960 cr stake
Marquee domestic institutions absorbed a large secondary block in Lenskart at ₹490/share. Kotak MF picked up ₹591 cr, NPS Trust ₹248 cr and Canara Robeco ₹158 cr, while Platinum Jasmine offloaded 4 crore shares worth ₹1,960 cr. The rotation from PE to long-only domestic capital signals deepening institutional conviction post-listing.
What happened
Lenskart saw major block deals with Kotak MF buying ₹591 crore, Canara Robeco ₹158 crore, NPS Trust ₹248 crore at ₹490/share; Platinum Jasmine sold 4 crore
Key facts
- ₹591 crore
- ₹158 crore
- ₹248 crore
- ₹1,960 crore
- ₹490 per share
- 4 crore shares
Why this matters
A ₹1,960 cr secondary clearing at ₹490 with marquee domestic anchors sets a clean reference price and shareholder template for any future primary raise, M&A scrip issuance or follow-on block.