India, Oct. 12 -- Update | October 12, 20:00 IST

Lenskart early backer Alpha Wave Ventures has sold 2.64 Cr shares in a bulk deal valuing the stock at Rs.645.31 apiece. The investor raked in Rs.1,704.8 Cr via the stake sale today. The details of the buyers couldn't be immediately discerned.

Update| October 12, 17:48 IST

Shares of Lenskart ended today's trading session 4.4% lower at Rs.647.95 apiece on the BSE. Its market capitalisation stood at Rs.1,12,698.3 Cr ($11.7 Bn) at the end of the day. The bearish momentum of the stock came after reports of early investor Alpha Wave Ventures stake sale surfaced.

As per reports, the VC firm plans to sell up to 1.6% of its stake in Lenskart for as much as Rs.1,691 Cr, with the offer priced at a...