ADIA Sells Lenskart Shares Worth ₹2,390.6 Cr

Abu Dhabi Investment Authority (ADIA) recently sold 3.5 crore shares of Lenskart, an eyewear company, underscoring a trend of major investors liquidating positions in the stock. The sale netted ADIA ₹2,390.6 crore, with each share valued at ₹683.02, slightly above the day's closing price. This transaction marks ADIA's second reduction in its stake in Lenskart over recent months, the first happening in June when it sold 4 crore shares for ₹1,960 crore.

Lenskart's shares have surged over 51% year-to-date, giving early investors substantial gains. Other investors like SoftBank, Temasek, Alpha Wave, BNP Paribas, Societe Generale and Millennium Management have also offloaded significant shares in the past few months. Lenskart's shares hit an all-time high of ₹725 on September 18 but closed 3.3% lower at ₹683.85 on the NSE today.