Abu Dhabi Investment Authority (ADIA) is set to offload a 2.3% stake in Lenskart in a block deal worth approximately Rs 1,944 crore, following a recent share sale by SoftBank in the company.
- ADIA sells 2.3% stake in Lenskart via block deal worth Rs 1,944 crore
- Stake sale occurs a week after SoftBank’s Rs 2,873 crore share divestment
- ADIA retains 12.1% stake with significant paper gains from original investment
What happened
The Abu Dhabi Investment Authority (ADIA) plans to sell a 2.3% stake in Lenskart, the Gurugram-based eyewear retailer, through a block deal valued at around Rs 1,944 crore. The transaction involves selling 40 million shares at a floor price of Rs 486 each, representing a slight discount to the stock’s recent market price.
This move comes closely after Japanese investor SoftBank reduced its stake in Lenskart by selling shares worth Rs 2,873 crore. ADIA’s stake sale follows the expiration of Lenskart’s six-month IPO lock-in period, which ended in May 2026, enabling early investors to liquidate part of their holdings.
Why it matters
ADIA’s divestment highlights a trend of early institutional investors capitalizing on gains post-IPO while continuing to support Lenskart’s growth with a sizable remaining stake. The sovereign wealth fund initially invested Rs 4,113 crore in the company in 2023 at a valuation near Rs 37,000 crore, and the current market cap is now approximately Rs 87,000 crore.
Despite selling a portion of its shares, ADIA still holds a 12.1% stake worth over Rs 8,500 crore, reflecting a paper profit of more than two and a half times its original investment. This signals strong investor confidence in Lenskart’s long-term outlook despite short-term liquidity moves.
What to watch next
Market observers will track the final transaction price of ADIA’s block deal, which may exceed the floor price depending on demand. The share price’s reaction and subsequent institutional investor activity will provide insight into confidence levels in Lenskart’s post-IPO performance.
Additionally, attention will focus on how large institutional investors like Goldman Sachs, Societe Generale, and mutual funds participate in these secondary market trades. Their buying patterns may indicate strategic positioning ahead of Lenskart’s next growth phase in India’s competitive eyewear market.