{
  "id": 8964016,
  "title": "ADIA sells 2.01% stake in Lenskart Solutions for ₹2,390 crore",
  "url": "https://urgent.news/2026/09/21/adia-sells-2-01-stake-in-lenskart-solutions-for-2-390-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T16:59:00.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/adia-sells-201-stake-in-lenskart-solutions-for-2390-crore/article71492888.ece"
  },
  "original_language": "en",
  "account": "Abu Dhabi Investment Authority (ADIA) reduced its ownership stake in eyewear firm Lenskart Solutions by selling 2.01% of its shares on the open market, according to bulk deal data on the National Stock Exchange (NSE). The sale, executed through ADIA's affiliate Platinum Jasmine A 2018 Trust, involved the transfer of 3.5 crore shares, representing a value of ₹2,390 crore. This transaction brought ADIA's stake down from 9.77% to 7.76%, making the United Arab Emirates-based sovereign wealth fund the second largest public shareholder after SoftBank. The identity of the buyers remained undisclosed in the exchange data. Lenskart Solutions' shares experienced a decline of 3.10% on the NSE, closing at Rs 685.30 each. This stake sale follows a series of transactions by other investors in the eyewear retailer, including SoftBank's divestment of a 3.25% stake in June for ₹2,873 crore. In May, Lenskart reported a 7.5% year-on-year decline in consolidated profit after tax to ₹203.6 crore in the March quarter, amidst rising expenses on components and inventories. The company had posted a profit of ₹220.1 crore in the same period a year earlier.",
  "summary": "The stake sale reduces ADIA’s interest in the eyewear retailer, following SoftBank’s ₹2,873-crore divestment earlier this year.",
  "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."
}