{
  "id": 4745236,
  "title": "BNP Paribas, Societe Generale & Millennium Sell Lenskart Shares Via ₹2,670 Cr Block Deals",
  "url": "https://urgent.news/2026/08/31/bnp-paribas-societe-generale-millennium-sell-lenskart-shares-via-2",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T23:20:08.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/bnp-paribas-societe-generale-millennium-sell-lenskart-shares-via-%e2%82%b92670-cr-block-deals/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Financial services giants BNP Paribas and Societe Generale and US-based hedge fund Millennium Management have offloaded omnichannel eyewear giant Lenskart’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Inc42",
        "title": "BNP Paribas & Millennium Sell 10 Cr Eternal Shares In ₹3,265 Cr Block Deals",
        "url": "https://urgent.news/2026/08/31/bnp-paribas-millennium-sell-10-cr-eternal-shares-in-3-265-cr-block",
        "published": "2026-08-31T19:31:47.000Z"
      }
    ]
  },
  "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."
}