Lenskart Solutions Shares Fall 3% Amid Likely ₹2,047 Crore Block Deal

Lenskart Solutions shares fell more than 3% in early trade on Monday, September 21, as the market tracked a likely block deal involving around 3 crore shares of the eyewear retailer. 

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The stock opened at ₹687.95, compared with its previous close of ₹706.60, and slipped as much as 3.1% to an intraday low of ₹684.60. 

The movement came amid reports that Platinum Jasmine A 2018 Trust, an investment vehicle backed by ADIA, could sell a 1.7% stake in Lenskart Solutions through a block deal valued at about ₹2,047.4 crore. 

Block deal reportedly priced at ₹682.45 per share 

The proposed transaction has reportedly been priced at ₹682.45 per share, representing a 3.5% discount to Lenskart’s Friday closing price of ₹707.20. Morgan Stanley is acting as the broker for the transaction. 

At the end of the June quarter, Platinum Jasmine A 2018 Trust held 16,98,15,438 shares in Lenskart Solutions, equivalent to a 9.77% stake. 

Its holding had already declined from the March quarter, when the investment vehicle owned 20,98,15,438 shares, representing 12.08% of the company. 

Foreign portfolio investors moved in the other direction during the June quarter. Their combined holding increased to 22,18,06,670 shares, or 12.76%, from 7,39,09,770 shares, equivalent to 4.26%, at the end of March. 

SoftBank had reduced stake in August 

The latest development follows another sizeable share sale in August. 

SoftBank Group, through affiliate SVF II Lightbulb (Cayman) Ltd, sold 4.5 crore Lenskart shares across 22 transactions for ₹2,887.87 crore. The shares were sold at an average price of ₹641.75 apiece. 

Lenskart shares up 58% in 2026 

Monday’s decline comes after a period of gains for the stock. Lenskart shares rose around 4% last week and are up nearly 7% so far in September. 

The stock has gained 58% in 2026 so far, while the Sensex has declined 12% over the same period. 

Lenskart shares touched their 52-week high of ₹725 on September 18. The stock’s 52-week low stands at ₹355.70, recorded on November 10 last year. 

For Monday’s session, the immediate focus remained on the reported block transaction, with the shares falling to ₹684.60 during early trading.