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Alpha Wave Ventures Sells Lenskart Stake for Rs 1705 Crore
M
Moneycontrol•12-10-2026, 22:18
Alpha Wave Ventures Sells Lenskart Stake for Rs 1705 Crore
- •Alpha Wave Ventures LP sold 2.64 crore shares in Lenskart Solutions worth Rs 1,705 crore through open-market transactions.
- •Lenskart shares dropped 4.33 percent to close at Rs 648.30 following the large transaction.
- •Dalmia Bharat Refractories acquired a 1.07 percent stake in Religare Enterprises for Rs 79.15 crore.
- •Motilal Oswal Mutual Fund divested a 1.35 percent stake in Religare Enterprises for Rs 99.83 crore.
- •Axana Estates acquired a 0.67 percent stake in Northern Arc Capital for Rs 31.56 crore.
Key Questions Answered
Alpha Wave Ventures LP sold 2.64 crore equity shares, representing 1.51 percent of Lenskart Solutions' paid-up equity, for Rs 1,704.8 crore through open-market transactions.
Lenskart Solutions shares fell 4.33 percent to close at Rs 648.30, marking their lowest closing level since August 28 amid heavy trading volumes.
Dalmia Bharat Refractories acquired 36.64 lakh shares, representing a 1.07 percent stake in Religare Enterprises, for Rs 79.15 crore at a price of Rs 216 per share.
