Lenskart block deal: Rs 2,047 crore stake sale likely; Platinum Jasmine may offload 1.7% holding
Eyecare solutions provider Lenskart Solutions is likely to see another block deal, with shareholder Platinum Jasmine reportedly looking to divest up to 3 crore shares, or around 1.7% of the company’s equity, according to reports.
The proposed block deal is estimated to be worth Rs 2,047.40 crore. Platinum Jasmine is reportedly likely to sell the shares at Rs 682.45 apiece, which would represent a discount of up to 3.42% to Lenskart Solutions’ latest traded price of Rs 706.60 on the BSE. The seller is also reportedly subject to a 90-day lock-up period for any further sale of its stake.
