ADIA offloads ₹2,390 cr Lenskart shares in block deal
ADIA sold 3.5 crore shares of Lenskart for ₹2,390.6 cr at ₹683.02 each, marking a significant stake reduction. This follows a previous sale of 4 crore shares in June for ₹1,960 cr, reflecting ongoing adjustments in their investment strategy.
pre-market1 source ↓written by the desknot a recommendation
- ADIA has offloaded
- 3.5 crore shares
- ₹2,390.6 cr
- per share
- ₹683.02
- year-to-date
- 51.3%
- sale in June
- ₹1,960 cr
The Abu Dhabi Investment Authority (ADIA) has offloaded 3.5 crore shares of Lenskart for ₹2,390.6 cr at ₹683.02 per share. This sale, executed through Platinum Jasmine A 2018 Trust, comes as Lenskart's stock has rallied 51.3% year-to-date. This marks ADIA's second stake reduction in recent months, following a ₹1,960 cr sale in June.
Not investment advice. For informational purposes only.