Platinum Jasmine to offload 2.3% Lenskart stake for ₹1,944 cr at 2.8% discount
Platinum Jasmine A 2018 Trust is set to sell 2.3% of Lenskart via block deal at ₹486 floor, raising ₹1,944 crore with a 90-day lock-up on residuals. The exit follows Q4 revenue of ₹2,515.7 cr (+45.6% YoY) and EBITDA up 84% to ₹538.4 cr. Macquarie raised target to ₹600.
What happened
Platinum Jasmine A 2018 Trust set to offload 2.3% stake in eyewear retailer Lenskart for ₹1,944 crore via block deal at ₹486 floor (2.8% discount), with 90-day
Key facts
- 2.3% stake
- ₹1,944 crore
- ₹486 floor price
- 2.8% discount
- 90-day lock-up
- Q4 net profit ₹200 cr (-8.6% YoY)
- Q4 revenue ₹2,515.7 cr (+45.6% YoY)
- EBITDA ₹538.4 cr (+84%)
- EBITDA margin 21.4%
- Macquarie TP ₹600
Why this matters
Platinum Jasmine's ₹1,944 cr partial exit signals early-investor rotation into public-market liquidity, opening room for strategic or sovereign capital to anchor the next ownership tier.