Stake sale · Commerce & Consumer Brands

ADIA sells 2.3% stake in Lenskart for Rs 1,960 crore

What they do

Lenskart operates an omnichannel retail network offering prescription eyeglasses, sunglasses, and contact lenses across India and overseas markets

Abu Dhabi Investment Authority sold a 2.3% stake through a block deal worth Rs 1,960 crore following its post-IPO lock-in expiration

The stake sale follows a similar partial exit by SoftBank and drew strong participation from domestic and global institutional investors

Abu Dhabi Investment Authority (ADIA) sold a 2.3% stake in Lenskart Solutions through a block deal worth ₹1,960 crore.
The transaction was executed via the Platinum Jasmine A 2018 Trust, offloading 4 crore shares at an average price of ₹490 apiece.
Global and domestic institutions, including Goldman Sachs, Morgan Stanley, Kotak Mahindra Mutual Fund, and NPS Trust, absorbed the shares.
Following the transaction, ADIA's shareholding in the eyewear retailer reduced from 12.08% to 9.78%.
This transaction marks the third major institutional stake sale within a week following the expiration of Lenskart's post-IPO lock-in period.
Technology investor SoftBank previously divested a 3.25% stake for ₹2,873 crore through its affiliate on June 3.

Early institutional backers are booking profits following the expiration of the company's six-month post-IPO lock-in period on May 8, 2026.
Lenskart shares have traded well since their public market debut in November 2025 at an issue price of ₹402.
Strong institutional demand and participation from mutual funds and foreign portfolio investors comfortably absorbed the shares without major price drops.

Lenskart designs, manufactures, and distributes a wide range of eyewear products including prescription eyeglasses, sunglasses, and contact lenses.
The company operates an omnichannel retail model combining an online e-commerce platform with a large network of physical retail stores.
It builds tech-enabled supply chain and distribution solutions to improve access to affordable and quality eyewear.
The business caters to diverse customer segments through various in-house brands designed to be aspirational.
It maintains manufacturing facilities for producing eyewear components and inventories in-house.
The company reported a revenue of ₹2,515.7 crore for the fourth quarter of fiscal 2026, marking a 46% year-on-year increase.

Platinum Jasmine A 2018 Trust (seller) — Investment vehicle and settlor wholly backed by the Abu Dhabi Investment Authority.
Goldman Sachs (buyer) — Global financial institution and institutional investor.
Kotak Mahindra Mutual Fund (buyer) — Domestic asset management company participating in block deals.