Abu Dhabi Investment Authority (ADIA) offloaded 4 crore shares of Lenskart in a block deal valued at ₹1,960 crore, selling at ₹490 per share, according to NSE data. The sale represents 2.4% below the stock’s closing price on the day of the transaction. This move follows recent partial exits by other investors, including SoftBank and JP Morgan, after Lenskart’s six-month post-listing lock-in expired in early May, per inc42.com.
The shares sold by ADIA, held through Platinum Jasmine A 2018 Trust, were acquired by multiple investors. Major buyers included Kotak Mahindra Mutual Fund, which purchased 1.21 crore shares, Canara Robeco Mutual Fund with 32.24 lakh shares, National Pension System Trust acquiring over 50 lakh shares, and Franklin Templeton Mutual Fund with 22.45 lakh shares. Foreign investors such as Goldman Sachs, Morgan Stanley, and Viridian Asia Opportunities Master Fund also participated in the block deals, inc42.com reported.
This transaction marks the third significant investor exit from Lenskart within a week. SoftBank sold shares worth ₹2,873.3 crore on June 3, and JP Morgan offloaded shares valued at ₹96.42 crore on June 5. Earlier, the expiry of the six-month lock-in on May 8 enabled investors like Alpha Wave Ventures and BirdsEye Holdings to sell shares worth ₹3,861.1 crore. Since its November 2025 IPO priced at ₹402, Lenskart’s stock has risen nearly 25%, reflecting investor confidence despite these exits, according to inc42.com.
ADIA had initially invested $500 million (₹4,791.3 crore) in Lenskart in 2023 through primary and secondary transactions. The recent share sale by ADIA and other investors highlights ongoing portfolio adjustments following the lock-in expiry, with the next major shareholder activity likely to be closely watched by market participants, inc42.com noted.