Lenskart block deal valued at ₹2,047 crore
pre-market1 source ↓written by the desknot a recommendation
- plans to divest
- 3 crore shares
- of equity
- 1.7%
- valued
- ₹2,047.40 cr
- be sold
- ₹682.45
- to the last
- 3.42% discount
Lenskart Solutions is set for a block deal as shareholder Platinum Jasmine plans to divest 3 crore shares, equating to 1.7% of equity, valued at ₹2,047.40 cr. Shares are expected to be sold at ₹682.45, a 3.42% discount to the last traded price of ₹706.60 on BSE.
This move may impact market sentiment, as Platinum Jasmine currently holds 9.77% of Lenskart's equity, subject to a 90-day lock-up for further sales.
Not investment advice. For informational purposes only.