Lenskart shares fell by as much as 5% to ₹643.75 on October 12, 2026, after reports emerged that Alpha Wave Ventures LP is planning a block deal to sell a stake in the eyewear retailer. The proposed transaction could involve selling up to a 1.6% stake valued at around ₹966 crore, with an option to sell an additional 0.7% stake worth ₹725 crore. The total potential deal size is estimated at ₹1,691 crore, with a floor price of ₹640 per share.
- Lenskart shares dropped 5% amid block deal reports by Alpha Wave Ventures.
- The deal may include selling up to 2.3% total stake valued at ₹1,691 crore.
- No official confirmation from Lenskart regarding the block deal is available.
- Previous stake sales by investors like ADIA and SoftBank have also impacted shareholding.
- Lenskart reported strong financial growth in Q1 FY26 with increased profit and revenue.
What is the reported block deal involving Alpha Wave Ventures?
The block deal reportedly involves Alpha Wave Ventures LP selling up to a 1.6% stake in Lenskart, valued at approximately ₹966 crore. There is also an option to sell an additional 0.7% stake worth ₹725 crore. The total potential deal size is about ₹1,691 crore with a floor price of ₹640 per share. However, Lenskart has not officially confirmed this transaction.
How have Lenskart shares reacted to these reports?
Following the news, Lenskart shares declined by up to 5% in early trading on October 12, 2026, reaching ₹643.75 per share. This drop reflects investor caution amid the possibility of a significant stake sale by Alpha Wave Ventures.
What recent stake sales have affected Lenskart’s ownership?
In September 2026, the Abu Dhabi Investment Authority (ADIA) sold shares worth ₹2,390 crore, reducing its stake from 9.77% to 7.76%. Earlier, in June 2026, SoftBank Group sold a 3.25% stake for ₹2,873 crore. These transactions indicate ongoing changes in Lenskart’s shareholder structure.
How has Lenskart performed financially recently?
Lenskart posted a significant increase in consolidated net profit for the April-June 2026 quarter, reaching ₹221.84 crore compared to a net profit of $60.08 million in the previous year. Revenue from operations grew 43.3% to ₹2,714.18 crore. The India segment revenue rose 30.7% to ₹1,531 crore, while international revenue increased 38% to ₹1,203 crore. The company also added 132 new stores, bringing the total to 3,459 active stores.
What other corporate developments has Lenskart announced?
Lenskart’s board approved increasing its equity stake in its Chinese joint venture, Baofeng Framekart Technology Ltd, from 51% to 70%. This acquisition is valued at about ₹10.6 crore. The company also incorporated two new subsidiaries: OWNDAYS Korea in South Korea and Wenzhou Framekart Trade Co., Ltd in China.
Frequently Asked Questions
Q: Has Lenskart confirmed the block deal with Alpha Wave Ventures?
A: No, there has been no official confirmation from Lenskart regarding the reported block deal at the time of the report.
Q: How has Lenskart’s financial performance been recently?
A: Lenskart showed strong growth in Q1 FY26 with a 43.3% increase in revenue and a significant rise in net profit to ₹221.84 crore.
Q: What impact did previous stake sales have on Lenskart?
A: Stake sales by ADIA and SoftBank reduced their holdings but brought significant capital, reflecting changes in the company’s ownership structure.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should consult financial advisors before making investment decisions.
