Platinum Jasmine to offload 2.3% Lenskart stake for ₹1,944 cr at 2.8% discount
Platinum Jasmine A 2018 Trust is set to sell 2.3% of Lenskart via block deal at ₹486 floor, raising ₹1,944 crore with a 90-day lock-up on residuals. The exit follows Q4 revenue of ₹2,515.7 cr (+45.6% YoY) and EBITDA up 84% to ₹538.4 cr. Macquarie raised target to ₹600.
Platinum Jasmine A 2018 Trust set to offload 2.3% stake in eyewear retailer Lenskart for ₹1,944 crore via block deal at ₹486 floor (2.8% discount), with 90-day lock-up on residual holding. Macquarie raised target to ₹600.