Temasek joins ADIA, SoftBank in trimming Lenskart stake with ₹1,940 crore block deal
Singapore’s Temasek has divested a 2% stake in eyewear retailer Lenskart through a block deal valued at approximately ₹1,940 crore. The move follows similar exits by other major institutional investors as Lenskart prepares for its upcoming public market debut.
Temasek Holdings has joined other high-profile investors like the Abu Dhabi Investment Authority (ADIA) and SoftBank in trimming its position in Lenskart. Following this transaction, Temasek’s remaining stake in the eyewear unicorn stands at 4.75%.
This block deal comes at a time when institutional stakeholders are increasingly monetizing their holdings in Indian tech startups. The trend signals a strategic shift as several large-scale companies prepare to enter the initial public offering (IPO) pipeline in the coming months.
Lenskart has recently seen multiple secondary share sales, allowing early backers to secure returns while new investors join the cap table. The company continues to expand its physical retail footprint and manufacturing capabilities across India and Southeast Asia.
Source: Economic Times
