The transaction was executed at ₹490 per share, a discount of around 2.1% to Wednesday’s closing price of ₹500.15 on the BSE.
CNBC-TV18 had reported on Wednesday that Platinum Jasmine A 2018 Trust, a unit of the Abu Dhabi Investment Authority (ADIA), was looking to sell up to 4 crore shares, or about 2.3% of Lenskart’s outstanding equity, through a block deal.
The proposed transaction had a floor price of ₹486 per share and an estimated size of ₹1,944 crore.
Abu Dhabi Investment Authority (ADIA) is the sole settlor and beneficiary of the Platinum Jasmine A 2018 Trust.
Global financial institutions including Goldman Sachs, Morgan Stanley and Societe Generale were among the buyers in the transaction. Other foreign investors that participated included Integrated Core Strategies (Asia) Pte Ltd, Ghisallo Capital Management, Citigroup Global Markets Mauritius and Hong Kong-based Viridian Asset Management.
Among domestic institutional investors, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Asset Mutual Fund, SBI Mutual Fund, Canara Robeco Mutual Fund, Franklin Templeton Mutual Fund, Aditya Birla Sun Life Mutual Fund and Alpha Alternatives Holdings acquired shares through the block deal.
Insurance companies such as ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, HDFC Life Insurance and NPS Trust also participated in the purchase, according to NSE block deal data.
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Platinum Jasmine A 2018 Trust held 20.98 crore shares, or a 12.08% stake in Lenskart, as of the March quarter. Following the sale of 4 crore shares, its holding is expected to decline to around 16.98 crore shares, or approximately 9.8% of the company’s equity. Despite the stake sale, the trust will remain one of Lenskart’s largest public shareholders.
Following the transaction, ADIA’s stake in Lenskart declined to 9.78% from 12.08%.
Since the transaction involves only existing shares, the proceeds will flow to the selling shareholder and not the company. The seller will also remain subject to a 90-day lock-up on its residual holding.
Who are Lenskart’s Shareholders?
As of March 2026, the promoter and promoter group of Lenskart hold a 17.55% stake in the company, while public shareholders own 82.03%.
Among public shareholders, foreign companies are the largest shareholder category with a combined 56.49% stake. SoftBank-backed SVF II Lightbulb (Cayman) Ltd. is the single largest public shareholder with a 13.13% holding, followed by Platinum Jasmine A 2018 Trust, which held a 12.08% stake before the block deal. Following the sale, the trust’s holding is estimated to have declined to about 9.8%.
Domestic institutional investors hold 15.48% of the company, with SBI Equity Hybrid Fund holding a 2.41% stake. Foreign portfolio investors collectively own 4.26% of Lenskart.
The company has over 1.11 lakh public shareholders. Retail investors with holdings worth up to ₹2 lakh own 0.56% of the company, while resident individuals holding shares worth more than ₹2 lakh account for 0.77%.
The transaction comes days after SoftBank Group sold a 3.25% stake in Lenskart for ₹2,873 crore, reducing its exposure to the company ahead of its public market journey.
Last month, Lenskart reported a 7.5% year-on-year decline in consolidated net profit to ₹203.6 crore for the March quarter, compared with ₹220.1 crore a year earlier, due to higher expenses on components and inventories. Revenue from operations, however, rose 45.6% year-on-year to around ₹2,516 crore from ₹1,728 crore.
Lenskart operates across online and offline channels, with thousands of stores in India and overseas markets, while also manufacturing eyewear products through its in-house facilities.
Shares of Lenskart Solutions ended 0.6% lower on Thursday at ₹500.5. The stock continues to trade above its issue price of ₹403.
