6 days ago
Alphawave Plans ₹1,313 Crore Lenskart Stake Block Sale At Discount
Alphawave is planning to sell part of its ownership in Lenskart Solutions.
The sale could involve about 2.08 crore shares.
The proposed price is ₹630 per share.
That is lower than Lenskart’s ₹642 closing price on August 27, 2026.
The stake being sold is about 1.2% of Lenskart.
Lenskart itself would not receive the sale money; Alphawave would.
Alphawave cannot sell more Lenskart shares for 45 days after the deal is completed.
Investors will watch demand and how the stock moves afterward.
Alphawave may sell a 1.2% stake in Lenskart Solutions for an estimated ₹1,313 crore.
The proposed block deal has a floor price of ₹630 per share, up to 1.7% below the market price.
The offering represents approximately 2.08 crore shares, though the final amount depends on investor demand and allocation.
Lenskart shares closed at ₹642 on August 27, 2026, down ₹5.15, or 0.80%.
Alphawave will face a 45-day lock-up after completion, while Lenskart will not receive fresh capital from the sale.
- Who
- Alphawave is the proposed selling shareholder, and Lenskart Solutions is the company whose shares are being sold.
- What
- A block deal may transfer approximately 1.2% of Lenskart, worth an estimated ₹1,313 crore.
- Where
- The report is datelined Mumbai and concerns shares of Lenskart Solutions.
- When
- The proposed transaction is expected in the coming sessions; Lenskart’s cited closing price was recorded on August 27, 2026.
- Why
- Alphawave is selling its stake in a secondary transaction; the proceeds will go to Alphawave rather than Lenskart.
Key facts
- Seller
- Alphawave
- Company
- Lenskart Solutions
- Stake offered
- Approximately 1.2%
- Estimated transaction value
- ₹1,313 crore
- Floor price
- ₹630 per share
- Estimated shares
- Approximately 2.08 crore
- Lock-up period
- 45 days after completion
- Recent closing price
- ₹642 on August 27, 2026
Sources
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