Abu Dhabi Investment Authority (ADIA) has sold a 2.01% stake in eyewear retailer Lenskart Solutions for ₹2,390.57 crore in a bulk deal. This follows other major investor exits, yet Lenskart's stock has shown strong performance.
2.01%
ADIA Stake Sold
Before sale: 9.77%→2.01%
📊 One chart explains it
Lenskart Stake Sales by Major Investors
Takeaway: Large investors have consistently pared down their stakes in Lenskart, realizing substantial gains from their initial investments.
⏳ Time Machine
How today’s news fits into the bigger picture
2010
Lenskart Founded
Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi founded Lenskart, aiming to disrupt India's eyewear market with an online-first model and later expanding into offline stores. This marked the beginning of its journey as a major player.
Early 2020s
Major Funding Rounds Attract Global Investors
Lenskart secured significant funding from global investors including SoftBank Vision Fund and ADIA, enabling aggressive expansion and technological advancements. This capital infusion propelled its growth and valuation to unicorn status.
May 2026
Q4 FY26 Profit Declines Slightly
Lenskart reported a 7.5% year-on-year decline in consolidated profit after tax (PAT) to ₹203.6 crore for the March quarter due to rising expenses, despite a 45.62% revenue growth to ₹2,516 crore.
June 2026
SoftBank Divests 3.25% Stake
SoftBank Group, an early investor, sold a 3.25% stake in Lenskart Solutions for ₹2,873 crore, marking a significant partial exit as the company matured.
August 2026
SoftBank Sells Additional 2.6% Stake
SoftBank further reduced its holding by selling another 2.6% stake for ₹2,888 crore, continuing its strategy of realizing gains from its successful investment.
Today
Abu Dhabi Investment Authority (ADIA) sold 2.01% of its stake in Lenskart for ₹2,390.57 crore.
What happens next?
Lenskart's future quarterly results and market performance will be key indicators of sustained investor confidence and growth trajectory.
On Monday, Platinum Jasmine A 2018 Trust, an affiliate of the Abu Dhabi Investment Authority (ADIA), divested a 2.01% stake in Lenskart Solutions. The transaction involved selling 3.5 crore shares at an average price of ₹683.02 apiece, totaling ₹2,390.57 crore. This sale reduced ADIA's holding in the Gurugram-based eyewear company from 9.77% to 7.76%, making it the second largest public shareholder after SoftBank. This follows a trend of early investors partially cashing out, with SoftBank also selling significant stakes in June and August this year.
💭 If you're wondering…
A bulk deal involves a large number of shares of a company being traded through a single transaction on a stock exchange. It represents a significant block of shares changing hands, often by institutional investors.
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