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The Latest Breaking News from Lenskart

Temasek offloads 2% stake in Lenskart for Rs 1,945 crore

The sale was done on July 10 through open market transactions, taking Temasek's stake in Lenskart down to 4.75% from 6.8% earlier. On July 10, Lenskart's stock closed at Rs 543.65 on the National Stock Exchange.

The Economic Times

Laurus Labs, Biocon, Ather Energy, Lenskart among probable MSCI India Standard Index inclusion candidates, says JM Financial

JM Financial anticipates significant shifts in the MSCI India Standard Index. Laurus Labs and Biocon are flagged as high-probability additions from the Small Cap Index, while Ather Energy and SAIL are medium-probability candidates. SBI Card faces a high probability of exclusion. These potential changes could lead to substantial passive fund…

The Economic Times

Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins end

Top global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shift, with IPOs now seen as the start of a longer monetisation cycle, allowing for staggered exits and continued upside for early backers.

The Economic Times

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Lenskart block deal; Meesho's kirana push

Lenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.

The Economic Times

Lenskart shares in focus as Goldman Sachs, Morgan Stanley, others purchase stake in Rs 1,960 crore block deal

Lenskart Solutions saw significant stake activity as marquee investors bought Rs 1,960 crore in a block deal, with Platinum Jasmine A 2018 Trust paring its holding. Despite recent exits, brokerages remain optimistic about Lenskart's long-term growth, citing its integrated model and international expansion.

The Economic Times

Stocks in news: Lenskart, GNG Electronics, Vedanta, Infosys, RIL

Markets closed lower on weekly expiry day amid weak global cues, with selling pressure on every rise. Block deals in GNG Electronics and Lenskart, Vedanta's demerger, Infosys's CMMI AIM Framework contribution, and RIL's interest in rare-earth minerals were key developments. Analysts eye 23,000 as a crucial support level.

The Economic Times

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

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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

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

Lenskart shares in focus after Viridian completes stake transfer from Copthall Mauritius

Hong Kong-based Viridian Asia Opportunities Master Fund acquired an 18.96 lakh share stake in Lenskart Solutions for Rs 96 crore. This follows a recent Rs 2,873 crore block deal where SoftBank affiliate SVF II Lightbulb (Cayman) reduced its holding.

The Economic Times

Kuku FM readies public market debut; SoftBank books Lenskart gains

Kuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.

The Economic Times

SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x return

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s…

The Economic Times

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The Economic Times

Lenskart shares fall 2% on Softbank's Rs 2,873-crore stake sale; draws Goldman, Fidelity, others

Lenskart Solutions share price dipped 2% on Thursday as SoftBank affiliate SVF II Lightbulb (Cayman) sold a significant stake. Global and domestic institutional investors, including funds managed by Goldman Sachs and Fidelity, acquired these shares. This transaction, valued at approximately Rs 2,873 crore, saw strong participation.

The Economic Times

Stocks in news: Rajesh Exports, Lenskart, Suzlon Energy, Aurobindo Pharma, Tata Motors

Indian markets saw volatility and closed lower on Wednesday. Key companies are in focus due to significant developments. SoftBank reduced its stake in Lenskart. Sebi issued an interim order against Rajesh Exports. Tata Motors revised its Avinya EV strategy. Suzlon Energy is diversifying into battery storage. RIL's subsidiary signed MoUs…

The Economic Times

SoftBank sells Rs 2,873 crore worth of Lenskart shares in block deal to Goldman Sachs and other investors

Lenskart Solutions saw a major stake sale as SoftBank offloaded shares worth about Rs 2,873 crore through a block deal. The transaction drew strong institutional interest, while analysts remain positive on Lenskart's growth prospects, technology-led model and expanding international footprint.

The Economic Times

Lenskart to become eyewear industry's Tanishq? Elara makes big prediction

Elara Capital initiated coverage on Lenskart with a Buy rating and a target price of Rs 615, implying a 22% upside. The brokerage called the eyewear company a structural compounder with a strong competitive moat and a differentiated full-stack business model. Analysts believe Lenskart is well placed to replicate the…

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The Economic Times

Listed new-age companies use AI to tune their daily ops engine

Companies are using AI to personalise discovery, improve marketing efficiency, reduce manual work in logistics, handle customer support, reduce failed deliveries, improve store productivity and speed up internal technology deployment. The use cases differ across companies, but the common thread is that AI is now being applied extensively to operating…

The Economic Times

Jefferies, other top brokers raise Lenskart targets after Q4 results; here's why

Lenskart Solutions shares surged after the eyewear retailer reported a strong Q4FY26 performance, with revenue from operations rising nearly 46% YoY to Rs 2,516 crore. The upbeat earnings prompted bullish brokerage views and target price upgrades, pushing the stock to a near one-month high of Rs 517 on the NSE.…

The Economic Times

Lenskart shares rise 2% after Q4 profit slips; revenue jumps 46% YoY

Shares of Lenskart climbed by 2% on Thursday, despite a 9% decline in net profit for the fourth quarter. The company showcased impressive operational growth, with a significant 46% increase in revenue. Lenskart has intensified its eye testing services and is ambitiously spreading its footprint into new cities, while its…

The Economic Times

Stocks in news: ITC, Nykaa, Lenskart, Ola Electric, IndusInd Bank

Markets saw a volatile session with Nifty trading below the 23,800-24,000 resistance zone, though select heavyweight buying limited downside. Several companies like ITC, Nykaa, and IndusInd Bank are in focus due to Q4 results and news developments, including Lenskart's profit decline and Dr. Reddy's new diabetes drug launch.

The Economic Times

Lenskart to step up AI push in FY27, targets scale-up in eye tests, automation

Lenskart is pivoting to a consumer-AI company, making artificial intelligence central to its FY27 growth strategy. The company aims to integrate AI across its value chain, from eye tests and product design to manufacturing and delivery, to enhance customer acquisition and eye-testing capacity.

The Economic Times

Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techies

Lenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.

The Economic Times

Lenskart Q4 revenue jumps 46% on volume expansion

Lenskart reported a significant 46% jump in revenue from operations to Rs 2,515 crore in the January-March quarter, driven by volume expansion and new customer acquisitions. Despite a slight dip in net profit due to a one-time gain in the previous year, the company's operating margin expanded to 21.3%.

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