Stories
Lenskart Faces 1,690 Crore Stake Sale via Block Deal
C
CNBC Awaaz•11-10-2026, 12:40
Lenskart Faces 1,690 Crore Stake Sale via Block Deal
- •A large block deal worth up to Rs 1,690 crore is being prepared for Lenskart shares with a floor price of Rs 640.
- •The base offer includes up to 1.51 crore shares valued at around Rs 965 crore.
- •An upsize option allows the sale of an additional 1.13 crore shares worth Rs 724.6 crore.
- •The floor price offers a discount of about 5.56 percent compared to the October 9 closing price of Rs 677.65.
- •The large sale and discounted floor price may put pressure on the stock during the upcoming trading session.
Key Questions Answered
The total size of the proposed block deal can reach around Rs 1,690 crore if the full option for additional sale is utilized. This involves a total of approximately 2.64 crore shares, representing about 1.6 percent of the company's equity.
The floor price for the share sale has been set at Rs 640 per share. Compared to the NSE closing price of Rs 677.65 on October 9, this offers large buyers an opportunity to make a deal at a discount of about 5.56 percent.
The upsize option allows for the sale of around 1.13 crore additional shares, which accounts for approximately a 0.7 percent stake worth around Rs 724.6 crore. When combined with the base offer, it brings the total deal size to approximately Rs 1,690 crore.
