Lenskart sees ₹1,960 cr block deal as Platinum Jasmine Trust offloads 2.3% stake at ₹490
Roughly 4 crore Lenskart shares (2.3% equity) changed hands in a ₹1,960 crore block deal at ₹490 apiece, a 2% discount to the ₹500.15 previous close. Platinum Jasmine A 2018 Trust was reportedly the seller, with the floor price set at ₹486. The stock traded largely unchanged after the transaction.
What happened
Lenskart saw a ₹1,960 crore block deal with about 4 crore shares (2.3% equity) changing hands at ₹490, a 2% discount. Platinum Jasmine A 2018 Trust was
Key facts
- ₹1,960 crore
- 4 crore shares
- 2.3% equity
- ₹490 per share
- 2% discount
- ₹486 floor price
- ₹500.15 previous close
Why this matters
A ₹1,960 cr block clearing at a 2% discount validates Lenskart's ~₹85,000 cr implied equity value as a credible anchor for any inbound talks, M&A currency, or secondary structuring we're modeling into the IPO window.