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ADIA sells 2.01% Lenskart stake for ₹2,390 crore

ADIA sold a 2.01% stake in Gurugram-based eyewear retailer Lenskart for ₹2,390.57 crore, reducing its holding to 7.76%. The transaction follows SoftBank's June divestment, while Lenskart reported strong March-quarter revenue growth despite a 7.5% PAT decline.

ADIA's Lenskart holding fell after it sold a 2.01% stake
ADIA holding in Lenskart before sale9.77%
ADIA holding in Lenskart after sale7.76%

Newer report on another story , , Business Today : Lenskart block deal at 5.6% discount as Alpha Wave may sell 1.6%; brokerages see Q2 revenue up 30-34%

Reported figures

From the report. Source details below

ADIA sold 3.5 crore shares
Average sale price ₹683.02 per share
ADIA holding reduced to 7.76% from 9.77%
Lenskart shares closed 3.10% lower at ₹685.30
SoftBank sold 3.25% for ₹2,873 crore in June
March-quarter PAT declined 7.5% YoY to ₹203.6 crore
Revenue rose 45.62% to around ₹2,516 crore

The source

Source Read the source at Outlook Business

Published

Also reported by Inc42, The Hindu BusinessLine

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Note Information, not investment advice. RetailIntel is not registered with SEBI.