Lenskart Solutions shares crack 5% after Rs 1,985-crore block deal; Alpha Wave likely sells take
Shares of Lenskart Solutions declined as much as 5.4% to an intraday low of Rs 644 on the BSE on Monday after nearly 3 crore shares changed hands in a block deal worth Rs 1,985 crore at Rs 647 per share.
According to multiple media reports, Alpha Wave Ventures LP was looking to sell up to a 1.6% stake in Lenskart Solutions for up to Rs 1,691 crore at a floor price of Rs 640 per share. The floor price represents a 5.2% discount to Lenskart’s closing price last Friday. The Economic Times could not independently verify the buyers and sellers in the deal.
