BNP Paribas, Societe Generale & Millennium Sell Lenskart Shares Via ₹2,670 Cr Block Deals
Financial services giants BNP Paribas and Societe Generale and US-based hedge fund Millennium Management have offloaded omnichannel eyewear giant Lenskart’s…
BNP Paribas, Societe Generale and US hedge fund Millennium Management collectively sold off 3.1 lakh shares of omnichannel eyewear firm Lenskart, generating ₹2,670.2 crore through multiple bulk transactions. BNP Paribas Financial Markets offloaded 1.3 crore shares at ₹662.22 per share, earning ₹855 crore. Societe Generale sold 1.4 crore shares at ₹661.5 each, pocketing ₹930.8 crore.
Millennium Management's affiliate Integrated Core Strategies (Asia) Pte Ltd disposed of nearly 1.4 crore shares at ₹661.15 per share, netting ₹893.3 crore. Asset management giant BlackRock, meanwhile, purchased 2.83 crore shares at ₹662.63 each, investing ₹1,876.3 crore. The stake sale occurred as Lenskart was added to the MSCI global standard index and shares surged 26.5% in the past three months, reflecting a 46.9% increase year-to-date.
This follows multiple brokers raising their target prices following strong Q1 FY27 results, with net profit surging 273% to ₹228.4 crore and operating revenue jumping 43% YoY. The sale of these shares follows earlier major disposals by Alpha Wave Ventures, SoftBank, Temasek, and Abu Dhabi Investment Authority.
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