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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.
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.
After SoftBank, ADIA plans over $200 million Lenskart sell-down
Platinum Jasmine A 2018 Trust, an investment vehicle of the Abu Dhabi Investment Authority, is offering up to 40 million shares, representing approximately 2.3% of Lenskart's outstanding equity.
Maruti considers shielding small-car buyers from inflation-led price hikes
Maruti has implemented a price hike of ₹30,000 from June across all its models due to West Asia war-linked inflation, which has led to a surge in prices of commodities like steel, aluminium, and platinum group metals