Platinum Jasmine A 2018 Trust, an investment vehicle backed by the Abu Dhabi Investment Authority (ADIA), has sold a 2.3% stake in eyewear retailer Lenskart Solutions through a series of block deals worth Rs 1,960 crore.
According to exchange data, the ADIA-backed Platinum Jasmine A 2018 Trust offloaded 4 crore shares at Rs 490 apiece, amounting to Rs 1,960 crore or around $206 million.
The transaction follows SoftBank’s partial exit from Lenskart last week, when the company’s largest shareholder sold a 3.25% stake for Rs 2,873 crore.
The stake sale attracted strong participation from a mix of domestic and global institutional investors.
Buyers included the National Pension System (NPS) Trust, Canara Robeco Mutual Fund, Franklin Templeton Mutual Fund, ICICI Prudential Life Insurance, SBI Mutual Fund, Kotak Mahindra Life Insurance, HDFC 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, Viridian Asia Opportunities Master Fund.
Kotak Mahindra Asset Management emerged as the largest buyer in the transaction, acquiring approximately 1.41 crore shares across three funds to invest Rs 691 crore.
As of March 2026, Platinum Jasmine A 2018 Trust held a 12.08% stake in Lenskart, making it the second-largest public shareholder in the company after SoftBank’s 13.13% stake.
During its latest quarterly results (Q4 FY26), the Gurgugram-based firm posted 46% year-on-year growth in its revenue to Rs 2,516 crore with a profit of Rs 204 crore.
At the end of Thursday’s trading session, Lenskart shares closed at Rs 502, taking its total market capitalization to Rs 87,284 crore (around $9.2 billion).
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