Lenskart Block Deal: ₹1,856 Crore Transaction, Alphawave Sells Stake
Lenskart block deal and financial performance indicators.
Key Highlights
Lenskart Solutions experienced a major block deal worth ₹1,856.7 crore. Alphawave is reportedly divesting a 1.2% stake, marking the second significant transaction this week.
Lenskart Solutions recorded a substantial block deal on Friday, with 2.9 crore shares, representing a 1.67% stake, changing hands for ₹1,856.7 crore. Reports indicate that Alphawave is the likely seller, aiming to divest 1.2% of its stake.
This divestment by Alphawave is anticipated at a price of ₹630 per share, translating to a total value of approximately ₹1,313 crore.
Second Major Transaction
This marks the second significant block deal for Lenskart within a single week. Previously, SVF II Lightbulb (Cayman) executed a sale of shares valued at ₹2,887.9 crore on August 24, with Societe Generale ODI noted as a buyer in that transaction.
Robust Financial Performance
The company’s stock currently trades near its 52-week high, supporting a market capitalization of ₹1.12 lakh crore. Lenskart also reported a substantial increase in its consolidated net profit for the quarter ending June 30, 2026, reaching ₹221.84 crore.
This profit figure represents a nearly four-fold jump compared to the previous year. from operations surged by 43.3% to ₹2,714.18 crore, driven by strong growth across both Indian and international markets.
Further bolstering its market presence, Lenskart expanded its retail network by adding 132 new stores during the quarter. This strategic expansion contributes to the company’s sustained operational momentum.