Lenskart Solutions block deal: ADIA-backed investor likely to offload 1.7% stake: Report
A institutional flows development with market-wide reach.
· LiveMint Markets, ET Stocks, Economic Times Markets
Platinum Jasmine A 2018 Trust, supported by ADIA, plans to sell its 1.7% stake in Lenskart Solutions for ₹2,047.4 crore in a block deal, according to NDTV sources.
The analysis
This is a Promoter stake / pledge event. Promoters transact with better information than the market. Direction against the price trend is the signal — accumulation into weakness reads differently from a sale into strength.
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