After SoftBank, ADIA Offloads Lenskart Shares Worth ₹1,960 Cr
ADIA sold 4 crore Lenskart shares in block deals worth ₹1,960 crore, following other recent investor exits.
Intelligence analysis by GPT-5.4 Mini
Abu Dhabi Investment Authority sold a 4 crore-share Lenskart stake through block deals at ₹490 a share, drawing buyers like mutual funds and foreign investors. The sale comes after other recent partial exits by SoftBank and JP Morgan.
A big investor sold a large pile of Lenskart shares, like selling many tickets at once. Other big investors bought them, so the shares just changed hands instead of disappearing. Even with the sale, the company’s business numbers were still growing.
Analysis
What happened
Abu Dhabi Investment Authority (ADIA) sold 4 crore Lenskart shares in block deals worth ₹1,960 crore, according to NSE data cited by Inc42. The shares were sold through its holding entity, Platinum Jasmine A 2018 Trust, at ₹490 apiece, which the report says was about 2.4% below the stock’s closing price that day.
Who bought the shares
The stock was picked up across multiple block deals by a broad set of investors. The largest buyers named in the report were Kotak Mahindra Mutual Fund, Canara Robeco Mutual Fund, National Pension System (NPS) Trust, and Franklin Templeton Mutual Fund. Foreign buyers included Goldman Sachs, Morgan Stanley, and Viridian Asia Opportunities Master Fund, among others.
Why this matters now
The ADIA sale is the third partial exit by a Lenskart investor within a week, following SoftBank’s sale of 5.65 crore shares for ₹2,873.3 crore on June 3 and JP Morgan’s sale worth ₹96.42 crore on June 5. The article also notes that the six-month post-listing lock-in period expired on May 8, which opened the door for investors such as Alpha Wave Ventures, BirdsEye Holdings, and TR Capital to sell shares worth ₹3,861.1 crore on May 9.
Business context
Despite the churn in shareholding, Lenskart’s stock has reportedly gained nearly 25% over its IPO price of ₹402 since its market debut in November 2025. The company’s market capitalisation is cited at around ₹87,344.6 crore. Operationally, the company reported 46% year-on-year revenue growth in Q4 FY26 to ₹2,515.7 crore, though net profit fell 7.5% to ₹203.6 crore in the quarter. For full FY26, revenue rose 33% to ₹8,814 crore and net profit increased 69% to ₹500.9 crore, which the report frames as supporting investor confidence.
Key points
- ADIA sold 4 crore Lenskart shares for ₹1,960 crore through block deals at ₹490 each.
- The shares were bought by a mix of Indian institutions and foreign investors across multiple deals.
- The sale follows recent exits by SoftBank and JP Morgan, adding to investor churn around the stock.
- Lenskart’s lock-in expiry earlier in May opened the way for more shareholders to sell.
- The company’s reported FY26 revenue and profit growth remain strong despite quarterly profit pressure.
If demand from mutual funds, pension money, and foreign investors keeps absorbing large sales, Lenskart’s stock could stay liquid and supported. The company’s reported revenue and profit growth also give investors a reason to keep backing the business despite the exits.
Repeated stake sales by major backers can make the market worry that early investors are reducing confidence or taking profits. If more lock-in related selling continues, the extra supply could pressure the stock even if the company’s operating performance remains strong.
