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Lenskart Shares Drop 2% After Rs 2,468-Crore Block Deal; 2.07% Equity Sold
M
Moneycontrol•21-09-2026, 09:48
Lenskart Shares Drop 2% After Rs 2,468-Crore Block Deal; 2.07% Equity Sold
- •Lenskart Solutions' shares fell over 2 percent following a block deal worth Rs 2,468 crore, involving 3.6 crore shares (2.07% equity) at Rs 688 each.
- •The transaction occurred after reports that Platinum Jasmine A 2018 Trust intended to sell shares, initially projected at Rs 2,047.4 crore.
- •This marks the third significant block deal for Lenskart in recent weeks, following sales by Alpha Wave Ventures and SVF II Lightbulb in August.
- •Despite the recent decline, Lenskart's stock has surged 57.5 percent in 2026, outperforming the Nifty 50's 10.7 percent decline.
- •The block deal follows Lenskart's strong Q1 FY27 earnings, with net profit up to Rs 222 crore and revenue increasing 43.3 percent year-on-year.
Key Questions Answered
Lenskart shares fell more than 2 percent in early trade after a large block deal worth Rs 2,468 crore took place, involving the sale of a 2.07 percent equity stake.
Around 3.6 crore shares, equivalent to 2.07 percent of the company's equity, changed hands through block deals at Rs 688 apiece.
Lenskart reported a net profit of Rs 222 crore for Q1 FY27, up from Rs 60 crore a year earlier, while revenue increased by 43.3 percent year-on-year to Rs 2,714.2 crore.
