ADIA arm to offload 2.3% Lenskart stake in Rs 1,944-crore block deal at Rs 486 floor
Platinum Jasmine Trust, an ADIA-backed vehicle, plans to sell ~4 crore Lenskart shares worth Rs 1,944 crore ($204M) at Rs 486 floor — a 2.8% discount. The move trails SoftBank's Rs 2,873-crore exit last week. IIFL Capital is sole placement agent; remaining holdings face a 90-day lock-up.
ADIA-backed Platinum Jasmine Trust plans to sell ~2.3% stake in Lenskart via block deal worth Rs 1,944 crore at Rs 486 floor, following SoftBank's Rs 2,873 crore exit last week. IIFL Capital is sole placement agent.