ADIA arm to trim 2.3% Lenskart stake via ₹1,944 cr block deal ahead of IPO
Platinum Jasmine, an ADIA investment vehicle, plans to offload 40 million Lenskart shares at a ₹486 floor price—a 2.8% discount to Friday's ₹500.15 close. The $204 million block, managed by IIFL Capital, comes ahead of the eyewear retailer's anticipated public listing.
ADIA's investment vehicle Platinum Jasmine plans a ₹1,944 crore block deal to sell 2.3% stake (40 million shares) in Lenskart at ₹486 floor price, ahead of the eyewear retailer's anticipated IPO. IIFL Capital is sole placement agent.