Abu Dhabi Sovereign Wealth Fund-Backed Investor Offloads 2.3% Stake Following SoftBank’s Partial Exit
Lenskart has witnessed another major shareholder trim its stake as Platinum Jasmine A 2018 Trust, an investment vehicle backed by the Abu Dhabi Investment Authority (ADIA), sold a 2.3% stake in the eyewear retailer through block deals worth Rs 1,960 crore.
According to stock exchange data, the ADIA-backed entity offloaded 4 crore shares at Rs 490 apiece, valuing the transaction at approximately Rs 1,960 crore ($206 million).
The development comes just days after SoftBank, Lenskart’s largest shareholder, partially exited its investment by selling a 3.25% stake worth Rs 2,873 crore.
Institutional Investors Snap Up Shares
The block deal attracted strong participation from a wide range of domestic and international institutional investors.
Major buyers included NPS Trust, Canara Robeco Mutual Fund, Franklin Templeton Mutual Fund, SBI Mutual Fund, ICICI Prudential Life Insurance, HDFC Life Insurance, Kotak Mahindra Life Insurance, Aditya Birla Sun Life Mutual Fund, Mirae Asset Mutual Fund, Goldman Sachs Investments Mauritius, Morgan Stanley Asia Singapore, Societe Generale, Citigroup Global Markets Mauritius, Ghisallo Master Fund, and Viridian Asia Opportunities Master Fund.
Among them, Kotak Mahindra Asset Management emerged as the largest buyer, acquiring around 1.41 crore shares through three of its funds for approximately Rs 691 crore.
ADIA Remains A Key Shareholder
Despite the stake sale, Platinum Jasmine A 2018 Trust continues to remain one of Lenskart’s largest shareholders.
As of March 2026, the ADIA-backed entity held a 12.08% stake in the company, making it the second-largest public shareholder after SoftBank, which owned 13.13%.
The latest transaction is being viewed as a partial profit-booking exercise by an early investor rather than a complete exit.
Lenskart Continues Strong Financial Performance
The block deal comes amid strong business momentum for the Gurugram-based eyewear giant.
For the fourth quarter of FY26, Lenskart reported a 46% year-on-year increase in revenue, reaching Rs 2,516 crore. The company also posted a profit of Rs 204 crore during the quarter, highlighting improving operational efficiency alongside continued growth.
Founded by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi, Lenskart has emerged as one of India’s largest omnichannel eyewear brands, operating both online and offline retail formats.
Market Capitalisation Crosses Rs 87,000 Crore
Following the transaction, investor confidence in the company remains strong.
Lenskart shares closed at Rs 502 at the end of Thursday’s trading session, giving the company a market capitalization of approximately Rs 87,284 crore (around $9.2 billion).
The consecutive stake sales by SoftBank and ADIA are expected to improve public float and institutional ownership while providing liquidity to early investors as Lenskart continues its growth trajectory.
