Lenskart Shares Decline After ₹2,468 Crore Block Deal Transfers 2.07% Equity

Lenskart Solutions shares opened lower on September 21 after a large block deal saw 3.6 crore shares, representing 2.07% of the company’s equity, change hands. 

The transaction was valued at about ₹2,468 crore and was executed at ₹688 per share. 

At 9:20 am, Lenskart shares were trading 3% lower at ₹686.60. The latest deal adds to a series of sizeable institutional transactions in the stock over the past month. 

2.07% equity changes hands in latest block deal 

Around 3.6 crore Lenskart shares were traded through block deals on Monday. 

At ₹688 per share, the total value of the transaction worked out to approximately ₹2,468 crore. 

The official identities of the buyers and sellers had not been disclosed at the time of reporting. 

A 90-day lock-up applies to the seller on any further stake sale, according to the report. 

Latest transaction follows two large August deals 

The September 21 transaction is the third major block deal involving Lenskart shares in about a month. 

On August 24, SoftBank Vision Fund II Lightbulb sold 4.5 crore shares, or 2.59% of Lenskart’s equity, for ₹2,887.9 crore. 

Societe Generale ODI acquired 1.07 crore shares worth ₹688.92 crore in that transaction. The deal was executed at an average price of ₹641.75 per share. 

Four days later, on August 28, Alpha Wave Ventures sold 2.95 crore shares, representing 1.7% of the company, for ₹1,857 crore. 

That transaction was carried out at an average price of ₹630 per share. 

Among the buyers were National Pension Systems, which purchased 78.57 lakh shares for ₹495 crore, ICICI Prudential Mutual Fund, which acquired 60.3 lakh shares for ₹380 crore, and WhiteOak Capital Mutual Fund, which bought 15.87 lakh shares for ₹100 crore. 

Public shareholders hold over 82% 

At the end of the June quarter, promoter entities held 17.53% of Lenskart Solutions, while public shareholders owned 82.05%. 

Platinum Jasmine A 2018 Trust, an investment vehicle of the Abu Dhabi Investment Authority, held a 9.77% stake in the company at that point. 

On September 18, sources had indicated that Platinum Jasmine was likely to sell up to 1.7% of Lenskart for ₹2,047.4 crore at an offer price of ₹682.45 per share. 

The September 21 block transaction, however, ultimately involved 2.07% of the company at ₹688 per share. The source had not officially identified the parties to the completed deal when it reported the transaction. 

FTSE rebalancing adds another source of trading activity 

Lenskart was also part of the latest FTSE rebalancing, where its weight in the FTSE All Cap Index increased. 

The higher weight was expected to result in inflows of up to $60 million, according to the report. The stock had also moved towards a fresh post-listing high around the time of the rebalancing. 

Q1 profit rises to ₹222 crore 

The block deals come after Lenskart reported its first-quarter financial results last month. 

Net profit increased to ₹222 crore from ₹60 crore a year earlier. 

Revenue rose 43.3% to ₹2,714.2 crore from ₹1,894.5 crore over the same period. 

At 9:20 am on September 21, Lenskart shares were down 3% at ₹686.60. 

Despite the decline, the stock had gained 3.8% over the previous month and 56.6% in 2026. It was also trading 79.5% above its IPO issue price of ₹402 and 82.6% above its listing price of ₹395.