Abu Dhabi Investment Authority (ADIA) has sold 3.5 crore shares of Lenskart Solutions in an open market transaction valued at Rs 2,390.57 crore. The sale was executed through its affiliate Platinum Jasmine A 2018 Trust at an average price of Rs 683.02 per share. This move reduces ADIA's stake in the eyewear major from 9.77 percent to 7.76 percent.
Details of the Transaction
The offloaded shares represent a 2.01 percent stake in Gurugram-based eyewear company Lenskart Solutions, according to National Stock Exchange bulk deal data. The buyers involved in the transaction were not immediately identifiable from exchange disclosures. Lenskart shares ended the session roughly three percent lower on the NSE following the sale.
Context of Recent Stake Sales
This is not the first time ADIA has reduced its position in Lenskart in recent months. In June, the investor offloaded 4 crore shares through a block deal worth Rs 1,960 crore at a significantly lower valuation of Rs 490 per share. The latest sale therefore reflects a substantial increase in the company's market value, with the share price now about 40 percent higher than the June level.
Broader Investor Activity
Lenskart has witnessed a series of exits by early institutional backers during the current rally. SoftBank, Temasek, and Alpha Wave have pared their holdings over recent months, while BNP Paribas, Societe Generale, and Millennium Management sold shares worth Rs 2,670.2 crore on September 1. In June, SoftBank also divested a 3.25 percent stake for Rs 2,873 crore, highlighting the broader profit-taking trend.
Stock Performance and Financial Momentum
Lenskart shares have rallied 51.3 percent on a year-to-date basis and touched an all-time high of Rs 725 on September 18. The stock made its public market debut at Rs 390 apiece on the BSE in November 2025. This upward move has been supported by strong quarterly results and positive brokerage commentary.
Recent Financial Trends
Lenskart had reported a 7.5 percent year-on-year decline in consolidated profit after tax to Rs 203.6 crore in the March quarter. The decline was attributed to higher expenses related to components and inventories. Revenue from operations still grew 45.62 percent to approximately Rs 2,516 crore compared with Rs 1,728 crore in the same period a year earlier.
Earnings Strength and Analyst Optimism
For the first quarter of fiscal year 2027, Lenskart reported a 273 percent year-on-year jump in consolidated net profit to Rs 228.4 crore, up from Rs 61.2 crore a year earlier. Operating revenue grew 43 percent year-on-year to Rs 2,714.2 crore. Jefferies and Macquarie subsequently raised their target prices to Rs 680 and Rs 675 respectively, citing improving business fundamentals.
Remaining Shareholder Position
After the latest transaction, ADIA will continue as the second largest public shareholder in Lenskart after SoftBank. The 3.5 crore shares sold represent slightly over 20 percent of the shares previously held by ADIA. This leaves the sovereign wealth fund with a meaningful stake while allowing it to lock in gains from the stock's strong run.
ADIA's latest stake sale underscores the ongoing monetization cycle among Lenskart's early institutional investors as the stock trades near record highs. The company's improving profitability and favorable analyst coverage have created a supportive environment for partial exits. Investors will likely monitor further secondary market activity even as Lenskart's operational momentum remains intact.