Home / Business and Economy / Lenskart Block Deal: Rs 3,500 Crore Stake Sale Looms
Lenskart Block Deal: Rs 3,500 Crore Stake Sale Looms
7 May
Summary
- A Rs 3,500 crore block deal for Lenskart is anticipated soon.
- Foreign entities Svf Ii Lightbulb and Platinum Jasmine may sell stakes.
- Lenskart reported a profit jump to Rs 132.7 crore in December quarter.
A substantial block deal valued at Rs 3,500 crore is expected to occur soon for Lenskart Solutions, with sources indicating it could represent a 4% stake at a discount. Foreign entities, including Svf Ii Lightbulb (Cayman) and Platinum Jasmine A 2018 Trust, which collectively hold over 25% of the company's shares, are reportedly considering divesting parts of their holdings.
Two brokerages have initiated discussions with mutual funds to assess their interest in participating in this large transaction. This potential deal follows Lenskart's strong financial performance in the quarter ending December 2025, where the company reported a significant profit increase to Rs 132.7 crore, a substantial rise from Rs 1.8 crore in the same period the previous year. Revenue also saw a healthy increase of 38% to Rs 2,308 crore.
Lenskart's international segment is noted to be outperforming India in terms of profitability. The company's CEO, Peyush Bansal, highlighted record 28% same-store sales growth in India during the quarter. Despite recent stock market fluctuations, with Lenskart shares closing down 3.08% at Rs 487.75 on May 7, 2026, the company has shown an 8.22% year-to-date increase.
