Business · Markets · 9 hrs ago
Lenskart shares fall as investor proposes stake sale worth up to ₹1,691 crore
Lenskart shares fell as much as 5% on the BSE after early investor Alpha Wave Ventures proposed selling part of its holding.
The proposed sale covers up to 26.4 million shares, or 1.6% of Lenskart, and could raise as much as ₹1,691 crore.
The offer has a floor price of ₹640 per share, below the stock’s October 9 closing price of ₹677.65.
If Alpha Wave sells all the shares on offer, its stake would fall to 1.82% from 3.42%.
Other early investors, including SoftBank, Temasek and Abu Dhabi Investment Authority, have also sold shares in recent months.
Those sales have added pressure to the stock, even though it has risen more than 48% this year and Lenskart reported higher profit and revenue in its latest quarter.
The proposed transaction is not described as completed.
Lenskart shares fell as much as 5% after early investor Alpha Wave Ventures proposed selling up to 1.6% of its stake.
The offer is for up to 26.4 million shares, with a floor price of ₹640 per share and a potential value of ₹1,691 crore.
The proposed sale includes 15.1 million shares, with an option to sell a further 11.3 million.
If all the shares are sold, Alpha Wave’s holding in Lenskart would fall to 1.82% from 3.42%.
The proposal follows other stake sales by early investors, including SoftBank, Temasek and Abu Dhabi Investment Authority.
- Who
- Alpha Wave Ventures, an early investor in Lenskart.
- What
- It proposed selling up to 1.6% of its stake, worth as much as ₹1,691 crore.
- When
- October 12, 2026.
- Where
- Lenskart shares traded on the BSE.
- Why
- The proposed stake sale weighed on the shares.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Abu Dhabi Investment Authority sold 4 crore Lenskart shares in a block deal worth ₹1,960 crore.
Alpha Wave Ventures sold 2.94 crore Lenskart shares for ₹1,856.8 crore.
Lenskart shares closed at ₹677.65.
Alpha Wave’s proposed sale weighed on Lenskart shares, which fell as much as 5% intraday.
- Maximum proposed stake
- 1.6%
- Maximum proposed sale value
- ₹1,691 crore
- Floor price
- ₹640 per share
- Shares in proposed sale
- Up to 26.4 million
- Alpha Wave holding if all shares are sold
- 1.82%
Sources
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