Lenskart absorbs Rs 1,960 cr block deal as ADIA-backed trust trims stake at Rs 490
Around 4 crore shares (2.3% stake) changed hands at Rs 490, likely sold by Platinum Jasmine Trust. Stock recovered intraday as brokerages reiterated Rs 615 target, citing 33% FY26 India growth, 21% SSG, and a Tanishq-style category flywheel.
Lenskart shares recovered after a Rs 1,960 crore block deal saw 4 crore shares (2.3%) trade at Rs 490, likely sold by ADIA-backed Platinum Jasmine Trust. Brokerages remain bullish, comparing its flywheel to Tanishq's category leadership.