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Updated 1h agoBusiness & Markets

ADIA Arm To Sell Lenskart Stake In Rs 2,047-Crore Deal

Headline by Prism · from 1 report

An arm of the Abu Dhabi Investment Authority plans to sell a 1.7% stake in Lenskart worth Rs 2,047 crore through a block deal.

1 outlet · 1 report · EnglishOne source so far

The record

Written from the 1 report below. Nothing here is unsourced.

  • Platinum Jasmine A, an investment vehicle linked to the Abu Dhabi Investment Authority, is initiating a block deal to sell a 1.7% stake in eyewear retailer Lenskart.
  • The shares are being offered at a 3.5% discount to the current market price.
  • This sale represents a significant move by a major institutional investor in the Indian retail market.

Coverage1

1 report
English national1

All filed from India

Named India · Lenskart · Abu Dhabi Investment Authority · Platinum Jasmine A

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ADIA Arm To Sell Lenskart Stake In Rs 2,047-Crore Deal | Prism