India, June 12 -- ADIA Sheds Lenskart Stake

Investors are booking profits after the expiration of the IPO lock-in period for Lenskart shares. Abu Dhabi Investment Authority (ADIA) has now sold the eyewear giant's shares worth Rs.1,960 Cr, marking the third major stake sale by an institutional backer this week.

ADIA Gets The Golden Parachute: The sovereign wealth fund, via its Platinum Jasmine A 2018 Trust, sold 4 Cr shares at Rs.490 apiece. Notably, ADIA had first invested in Lenskart in 2023, buying stakes worth $500 Mn via primary and secondary transactions.

Buyers Swoop In: While heavyweights like Kotak Mahindra MF, Canara Robeco MF and NPS Trust anchored domestic buying, Wall Street titans such as Goldman Sachs and Morgan Stanley a...