New Delhi, Sept. 21 -- Lenskart Solutions share price dropped over 3% in early deals on Monday, 21 September, due to a likely block deal of 3 crore shares, or around 1.7% of the company's equity. Lenskart Solutions shares opened at Rs.687.95 against their previous close of Rs.706.60 and dropped 3.1% to an intraday low of Rs.684.60.

Platinum Jasmine A 2018 Trust, an investment vehicle backed by ADIA, is likely to offload its 1.7% stake in Lenskart Solutions in a Rs.2,047.4 crore block deal, NDTV reported, citing sources.

According to NDTV, the block deal has been priced at Rs.682.45 per share, a 3.5% discount to Lenskart Solutions' Friday closing price of Rs.707.20. Morgan Stanley is acting as the broker for the transaction.

According t...