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The Latest Breaking News from ADIA

Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal

ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.

The Economic Times

Lenskart Solutions sees Rs 1,862-crore block deal; ADIA likely seller

Eyewear retailer Lenskart Solutions experienced a significant block deal valued at Rs 1,862 crore. Abu Dhabi Investment Authority, through its investment vehicle, sold a portion of its shares. This follows a similar stake sale by SoftBank. Despite early investors reducing holdings, Lenskart's revenue surged in the January-March quarter. The company…

The Economic Times

Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata Consumer

Indian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus. ADIA plans to sell Lenskart shares. Tata Consumer targets over 20% EBITDA margin. Reliance Industries subsidiary will redevelop a Mumbai slum. REC Ltd will merge with Power Finance Corporation.…

The Economic Times

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ADIA to sell 2.3% Lenskart stake in Rs 1,944 crore block deal

Abu Dhabi Investment Authority is set to divest a 2.3% stake in Lenskart for approximately Rs 1,944 crore via a block deal. This follows SoftBank's recent Rs 2,873 crore share sale. Despite the sale, ADIA will retain significant holdings, indicating substantial paper gains on its 2023 investment. The move comes…

The Economic Times

ADIA to sell Rs 1,944 crore Lenskart stake days after SoftBank exit

Abu Dhabi Investment Authority (ADIA) is set to divest up to 2.3% of its stake in eyewear retailer Lenskart for approximately Rs 1,944 crore. This follows a significant stake sale by SoftBank, with the deal structured as a block deal at a slight discount to the current market price.

The Economic Times

The U.S. and Europe feared the Iran conflict would curtail the Gulf's appetite for global investments. The opposite is true

The five biggest spenders–split across Saudi Arabia, the UAE and Qatar–collectively spent almost $26 billion during March, April and May.

Fortune

Advent, ADIA-backed gas engine maker Innio targets $20.3 billion valuation in US IPO

Gas engine manufacturer Innio said on Tuesday it was targeting a valuation of up to $20.25 billion in its U.S. initial public offering, as it looks to tap investor appetite for companies powering the AI boom.

The Economic Times

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Eight staff of Australian Electoral Commission contractor fabricated voice referendum location data

AEC ‘considering its legal position’ after investigation prompted by Guardian reporting into allegations from McNair whistleblower

The Guardian - AU

Hargreaves Lansdown says it will accept private equity buyout offer

Investment fund supermarket has been offered £11.40 a share by trio of international investors

The Guardian - UK

ADIA Invests In Cheyne Capital Real Estate Debt Fund

ADIA's investment in Cheyne Capital's real estate debt fund boosts market presence and potential returns.

Top News

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE:ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.95 on June 23. The investor group includes a subsidiary…

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