Abu Dhabi Investment Authority (ADIA) offloaded 4 Cr Lenskart shares worth ₹1,960 Cr today in a block deal. This marks the third major investor exit from Lenskart in a week, following sales by SoftBank and JP Morgan. The flurry of selling comes just after the company's six-month post-listing lock-in period expired on May 8.
How We Got Here
ADIA initially backed Lenskart in 2023, investing $500 Mn (₹4,791.3 Cr) via primary and secondary transactions. These share sales happen as Lenskart's stock has gained nearly 25% since its November 2025 market debut, giving early investors a profitable window to exit.
The Numbers
- ADIA sold 4 Cr shares at ₹490 apiece, a 2.4% discount from today’s closing price of ₹502.35.
- Major domestic buyers included Kotak Mahindra MF (1.21 Cr shares), Canara Robeco MF (32.24 Lakh shares), and NPS Trust (50.61 Lakh shares).
- Foreign investors Goldman Sachs, Morgan Stanley, and Viridian Asia Opportunities Master Fund also acquired shares.
- SoftBank sold 5.65 Cr shares for ₹2,873.3 Cr on June 3, while JP Morgan offloaded shares worth ₹96.42 Cr on June 5.
- Lenskart reported a 69% surge in net profit to ₹500.9 Cr and 33% revenue growth to ₹8,814 Cr for the full FY26.
What Happens Next
🇮🇳 Why This Matters for India
For D2C founders in Bangalore and Gurgaon, these rapid secondary exits highlight both the potential for investor liquidity and the pressure to maintain robust growth post-listing.
The Take
This flurry of exits isn't a vote of no confidence; it’s simply funds taking profits after a profitable lock-in expiry. This actually indicates a healthy market where late-stage investors can find liquidity, a crucial signal for other growth-stage founders eyeing future exits.
Source:
Inc42 ↗