Abu Dhabi Investment Authority (ADIA) offloaded ₹2,390.6 crore worth of Lenskart shares, marking its second major exit this year. This sale, at ₹683 per share, comes as Lenskart's stock is up 51% YTD, offering significant gains for early investors. The move highlights a broader trend of private equity players cashing out from the eyewear major.
How We Got Here
ADIA first sold 4 crore Lenskart shares in June, a bulk deal worth ₹1,960 crore at ₹490 apiece. Since then, Lenskart’s shares have rallied 40% from that June price, hitting an all-time high of ₹725 earlier this month.
The Numbers
- ADIA’s recent sale priced shares at ₹683.02, slightly below the day's closing price of ₹683.85.
- ADIA held 9.77% (16.98 crore shares) as of June 30, 2026, meaning this sale reduced their total holding by over 20%.
- BNP Paribas, Societe Generale, and Millennium Management collectively offloaded ₹2,670.2 crore in Lenskart shares on September 1.
- Lenskart reported a 273% YoY jump in net profit to ₹228.4 crore for Q1 FY27, driving bullish analyst reports from Jefferies and Macquarie.
What Happens Next
🇮🇳 Why This Matters for India
For consumer tech founders in Bangalore or Delhi building D2C brands, this signals a clear exit path and strong investor appetite for profitable scale in sectors like eyewear.
The Take
The real winners here are Lenskart's founders and its long-term employees, who see significant value creation rewarded. This exit also sets a strong benchmark for other mature D2C players eyeing a public listing or secondary sales in the next 12-18 months.
Source:
Inc42 ↗