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Lenskart Shares Tumble 5 Percent After Rs 1,895 Crore Block Deal
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CNBC Awaaz•12-10-2026, 09:55
Lenskart Shares Tumble 5 Percent After Rs 1,895 Crore Block Deal
- •Shares of Lenskart Solutions declined by up to 5 percent following a massive block deal worth Rs 1,895 crore on Monday.
- •A total of 2.93 crore shares, representing about 1.67 percent of the company stake, were traded at Rs 647 per share.
- •Reports previously indicated that Alpha Wave Ventures might be selling a portion of its stake in Lenskart.
- •Lenskart recently reported a strong rise in net profit to Rs 222 crore and a 43.3 percent surge in revenue for the first quarter.
Key Questions Answered
Lenskart Solutions shares declined by up to 5 percent on Monday, October 12, 2026, following a massive block deal involving 2.93 crore shares valued at Rs 1,895 crore.
Lenskart reported its net profit surged to Rs 222 crore, and revenue jumped 43.3 percent to Rs 2,714.2 crore compared to the same period in the previous year. Additionally, the company's EBITDA increased by 75.1 percent to reach Rs 588.5 crore.
At the end of the June quarter, promoter groups held a 17.53 percent stake in Lenskart, while public investors and other shareholders held 82.05 percent.
