Lenskart shares drop 3% after 3 crore shares change hands in block deal; Platinum Jasmine likely seller
Lenskart Solutions shares fell over 3% to Rs 683 after a massive block deal worth Rs 2,047 crore saw 3.53 crore shares change hands. Platinum Jasmine is likely the seller offloading a 1.7% stake. Despite today's drop, the stock remains up over 58% in 2026.
Lenskart shares experienced a drop of over 3% on Monday after a significant block deal involving the potential sale of 3 crore shares. The decline came as the shares closed at Rs 683 apiece on the NSE, marking the end of a two-day upward trend. Prior to this, the eyewear retailer had seen a remarkable increase of more than 58% in 2026.
The block deal, valued at over Rs 2,047 crore, saw an estimated 2% stake in the company change hands. While the exact identities of the buyers and sellers remain undisclosed, reports suggest Platinum Jasmine was poised to divest up to 3 crore shares, which could represent around 1.7% of the company's equity. This transaction occurred at a price of Rs 682.45 per share, a 3% discount to the previous closing price.
Platinum Jasmine had held a substantial 10% stake in Lenskart at the end of the April-June quarter of FY27.
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- Lenskart down 3% as Platinum Jasmine drops lens economictimes.indiatimes.com
