{
  "id": 3753229,
  "title": "Lenskart Block Deal, Alphawave Likely To Sell 1.2% Stake For ₹1,313 Crore At ₹630 Floor Price",
  "url": "https://urgent.news/2026/08/27/lenskart-block-deal-alphawave-likely-to-sell-1-2-stake-for-1-313",
  "topic": "world",
  "section": "World",
  "published": "2026-08-27T13:50:19.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/lenskart-block-deal-alphawave-likely-to-sell-12-stake-for-1313-crore-at-630-floor-price"
  },
  "original_language": "en",
  "account": "Mumbai: A block deal has been initiated for Lenskart Solutions, potentially resulting in Alphawave selling a 1.2 percent stake. Sources indicate this will generate an estimated Rs 1,313 crore, given a floor price of Rs 630 per share. This price represents a discount of up to 1.7 percent off Lenskart's current market price. Following the deal, Alphawave will face a 45-day lock-up period, during which they cannot sell further shares in the company. The transaction is noteworthy, as it is a significant secondary market movement, and will not lead to Lenskart Solutions raising new capital. Instead, Alphawave will retain the proceeds from the sale. The deal's execution may be influenced by investor demand and subsequent stock price movements when trading resumes.",
  "summary": "Mumbai: A block deal has been launched in Lenskart Solutions, with Alphawave likely to offload a 1.2 percent stake for an estimated Rs 1,313 crore, according to sources familiar with the transaction. The proposed secondary share sale has been offered at a floor price of Rs 630 apiece, representing a discount of up to 1.7 percent to the company’s prevailing market price. Offer structured at…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}