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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.
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.
Stocks to Watch for June 11: Zee Entertainment, Lenskart, Bank of Baroda and more
From Eternal receiving a GST demand order from the Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh to Deccan Gold Mines signing a definitive Earn-In, Option and Shareholders Agreement for the Logrosan Tungsten Project in Spain; here are some stocks to track ahead of Thursday's trading session.
Lenskart Block Deal | Platinum Jasmine likely to sell 2.3% stake for ₹1,944 crore
Shares of Lenskart Solutions Ltd ended at ₹500.65, down by ₹2.75, or 0.55%, on the BSE.
Lenskart Solutions acquires balance stake in Quantduo Technologies
Lenskart Solutions said that it has completed the acquisition of the remaining minority stake in Quantduo Technologies (GeoIQ), increasing its ownership from 92.35% to 100% through successive purchases.
Lenskart target raised to ₹600 by Macquarie on international business driving growth
19 analysts have coverage on Lenskart, of which 15 have a "buy" rating on the stock, three have a "hold" rating, while one has a "sell" recommendation on the stock. The consensus estimates of price targets is ₹586.2, implying a potential upside of about 16% from Tuesday's closing price.
Lenskart shares fall over 2% as JPMorgan sells stake in Rs 96 crore block deal
Lenskart Solutions' shares dipped over 2% following a Rs 96 crore block deal where JPMorgan Chase's subsidiary sold a stake to Hong Kong-based Viridian Asia Opportunities Master Fund. This follows recent stake sales by SoftBank affiliate SVF II Lightbulb (Cayman), attracting various institutional investors.
Stocks to watch: Adani Energy, Hindustan Zinc, Lenskart, ZEE, Alembic Pharma, among key stocks in focus on 8 June - Mint
Stocks to watch: Adani Energy, Hindustan Zinc, Lenskart, ZEE, Alembic Pharma, among key stocks in focus on 8 JuneMint
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.
Block Deals: Lenskart Solutions, GMR Airports shares to be in focus
Block Deals: SVF II Lightbulb (Cayman), an investment vehicle owned by SoftBank Group, sold 5.65 crore Lenskart shares, representing a 3.25% stake in the company at ₹508.55 apiece, taking the total deal value to ₹2,873.30 crore.
Stocks to watch: BHEL, NBCC, Lenskart, GMR Airports among 10 shares in focus today; check list here - Mint
Stocks to watch: BHEL, NBCC, Lenskart, GMR Airports among 10 shares in focus today; check list hereMint
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 with the Haryana Government.