Abu Dhabi Investment Authority (ADIA) sold shares worth ₹1,960 crore in Lenskart, marking the third major stake sale by institutional investors this week following the expiration of the eyewear company’s six-month post-IPO lock-in period on May 8, according to inc42.com. ADIA sold 4 crore shares at ₹490 apiece through its Platinum Jasmine A 2018 Trust, having initially invested $500 million in 2023.
The stake sale by ADIA is part of a broader wave of profit-booking by early backers of Lenskart. Other significant divestments include SoftBank’s ₹2,873.3 crore sale on June 3 and JP Morgan’s ₹96.42 crore sale on June 5. Domestic investors such as Kotak Mahindra Mutual Fund, Canara Robeco Mutual Fund, and the National Pension System Trust anchored the buying, while foreign investors like Goldman Sachs and Morgan Stanley took up the foreign tranche, reflecting strong institutional demand.
This liquidity event follows similar moves by Alpha Wave Ventures and TR Capital, who sold stakes worth ₹3,861 crore on May 9 immediately after the IPO lock-in ended. Despite these large-scale stake sales, Lenskart’s shares have remained resilient, gaining nearly 25% since their November 2025 debut. The sustained investor interest underscores confidence in Lenskart’s market position and growth prospects in the eyewear sector.
Lenskart’s stock performance and continued institutional support highlight the company’s robust foundation post-IPO. The recent stake sales collectively represent a significant reshuffling of ownership among major investors within days of the lock-in expiry, as documented by inc42.com.