StopDownOpen the app

Stake sale · Commerce & Consumer Brands

ADIA offloads 2.01% stake in Lenskart for ₹2,390 crore

By ·

Lenskart logo
Date
Company
Lenskart
What it does
Omnichannel eyewear retailer and brand
Kind
Stake sale
Amount
₹2,390.57 crore
Stage
public
Based in
Gurugram
Sector
Commerce & Consumer Brands

What they do

Lenskart Solutions operates a technology-driven retail network offering prescription eyeglasses, sunglasses, contact lenses, and various optical accessories

What happened

The Abu Dhabi Investment Authority sold a 2.01% stake via a bulk deal, offloading 3.5 crore shares at ₹683.02 each

Why it matters

Following this secondary transaction, the investor remains the second-largest public shareholder in the company behind SoftBank

The details

  • The Abu Dhabi Investment Authority (ADIA), through its affiliate, sold 3.5 crore shares of Gurugram-based Lenskart Solutions Limited.
  • The shares represented a 2.01% stake in the firm and were offloaded via a bulk deal on the National Stock Exchange.
  • The shares were disposed of at an average price of ₹683.02 apiece, bringing the aggregate transaction value to ₹2,390.57 crore.
  • The transaction reduced the investor's holding in the omnichannel eyewear firm from 9.77% down to 7.76%.
  • Even after offloading these equities, the institutional fund continues to hold its position as the second-largest public shareholder in Lenskart behind SoftBank.

The bigger picture

  • Bulk deals on public exchanges allow major institutional investors to rebalance their portfolios or partially exit mature holdings.
  • Lenskart shares were trading around ₹685.30 on the exchange prior to the announcement of the bulk deal.

About the business

  • Lenskart is a technology-driven optical retailer focused on providing affordable and accessible eyewear through digital and physical channels.
  • The company designs, manufactures, and distributes a wide collection of prescription eyeglasses, sunglasses, contact lenses, and related accessories.
  • It operates an extensive omnichannel retail network across India and selected international markets supported by integrated supply chains.
  • The firm also builds and acquires global brand portfolios, including Owndays and Le Petit Lunetier, to scale across its distribution platforms.

The deal

Type
stake-sale

Investors

Founders

  • Peyush Bansal, Founder
  • Amit Chaudhary, Founder
  • Neha Bansal, Founder

Other articles talking about it

Read it as a card in the app

More on Lenskart

Everything on Lenskart →

Same day

All startup news on 24 September 2026 →