Lenskart down 3% as Platinum Jasmine drops lens
Lenskart Solutions shares fell by more than 3% on Monday following a large block trade of over 3 crore shares, which may have been conducted by Platinum Jasmine. The stock reached Rs 683 per share on the NSE on Monday, ending a two-day uptrend. The eyewear retailer has gained over 58% so far in 2026. A block deal saw around 3.53 crore shares, constituting a 2% stake in Lenskart, traded on Monday.
The buyer and seller identities remain undisclosed. Reports suggest Platinum Jasmine planned to sell up to 3 crore shares, accounting for roughly 1.7% of the company's equity. The deal valued over Rs 2,047 crore, with Platinum Jasmine likely selling at Rs 682.45 per share, a 3% discount to Lenskart's prior closing price. Platinum Jasmine once held nearly 10% of Lenskart at the end of FY27's April-June quarter, per company data.
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Also reported by 1 other outlet
- Lenskart shares drop 3% after 3 crore shares change hands in block deal; Platinum Jasmine likely seller economictimes.indiatimes.com
