Abu Dhabi Investment Authority (ADIA) sold a 2.3% stake in Lenskart in a block deal valued at Rs 1,944 crore, according to economictimes.indiatimes.com. The transaction marks a significant divestment by the sovereign wealth fund from the eyewear retailer, reflecting a partial exit from its investment in the company.
The block deal was executed through the secondary market, where ADIA offloaded its shares to institutional investors. This move follows ADIA's earlier investments in Lenskart, supporting the company's growth in the eyewear segment. The deal size of Rs 1,944 crore highlights the scale of the transaction and the confidence of buyers in Lenskart's market position.
This sale comes amid a broader trend of large investors recalibrating their holdings in Indian startups. Lenskart, a leading player in the eyewear industry, has attracted substantial funding over the years, with ADIA being one of its prominent backers. The transaction underscores the evolving investment landscape in Indian consumer tech firms and the appetite for secondary market deals.
The block deal was reported on June 10, 2026, with ADIA's stake reduction bringing changes to Lenskart's shareholder structure. The company continues to expand its footprint in the eyewear market, supported by a diverse investor base that includes sovereign wealth funds and private equity players.