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Lenskart Shares Dip After ₹2,468 Crore Block Deal; 2.07% Equity Changes Hands
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CNBC TV18•21-09-2026, 09:28
Lenskart Shares Dip After ₹2,468 Crore Block Deal; 2.07% Equity Changes Hands
- •Lenskart Solutions saw 2.07% equity, or 3.6 crore shares, worth ₹2,468 crore change hands at ₹688 per share in a block deal on Monday, September 21.
- •The buyers and sellers for the latest block deal remain undisclosed, though Platinum Jasmine A 2018 Trust, an ADIA investment vehicle, was expected to sell a stake.
- •This marks the third block deal for Lenskart in the past month, following sales by Softbank Vision Fund and Alpha Wave Ventures in August.
- •Despite the share decline, Lenskart's stock has risen 56.6% this year and 79.5% from its issue price, also benefiting from increased weightage in the FTSE All Cap Index.
- •Lenskart reported a significant Q1 net profit surge to ₹222 crore and a 43.3% revenue increase to ₹2,714.2 crore.
Key Questions Answered
As many as 3.6 crore shares, or 2.07% equity, of Lenskart Solutions worth ₹2,468 crore changed hands via block deals at ₹688 per share on Monday, September 21. This follows previous block deals over the past month, including one by Softbank Vision Fund worth ₹2,887.9 crore and another by Alpha Wave Ventures worth ₹1,857 crore.
Lenskart reported that its net profit surged to ₹222 crore from ₹60 crore the previous year, while revenue increased by 43.3% to ₹2,714.2 crore from ₹1,894.5 crore.
The seller, Platinum Jasmine A 2018 Trust, is subject to a 90-day lock-up period on any further stake sale.
