ADIA to trim Lenskart stake in $204M block, echoing SoftBank exit wave
Abu Dhabi Investment Authority plans to sell up to 2.3% of Lenskart for ~$204M at a ₹486 floor, days after SoftBank offloaded 3.25%. The post-lock-in supply hits as Q4 profit slipped 9% YoY despite revenue growing 46% to ₹2,516 crore.
ADIA is selling up to 2.3% of Lenskart via block deal worth ~$204 million at ₹486 floor, following SoftBank's recent 3.25% sell-down. Comes after May lock-in expiry; Lenskart Q4 profit fell 9% despite 46% revenue growth.