Now, Lenskart’s Early Investor Temasek Offloads 3.6 Cr Shares

Lenskart’s early investor Temasek has offloaded 3.56 Cr shares, or a 2.05% stake, in the omnichannel eyewear company through holding entity MacRitchie Investments and associated entities Jongsong Investments and V-Sciences Investments. 

In a regulatory filing, Lenskart said Temasek’s wholly owned subsidiary sold the shares via multiple open-market transactions. 

The latest transaction involved the sale of 72.69 Lakh shares on July 10 (Friday). Based on Lenskart’s closing price of ₹543.30 that day, the tranche was worth about ₹394.9 Cr. 

Based on Friday’s closing price, the total value of the shares offloaded stands at over ₹1,934 Cr. 

Following the transactions, MacRitchie’s stake in Lenskart has declined to 4.71% from 6.75% earlier. The subsidiary of Temasek now holds 8.24 Cr shares of Lenskart. 

It is pertinent to mention that shares of Lenskart touched an all-time high of ₹562.70 during the intraday trading on July 9 (Thursday). Lenskart’s shares have gained 22% on a year-to-date basis.

Temasek’s exit is the latest in a series of stake sales by the company’s early backers following the expiry of the shareholder lock-in period. Since May, marquee investors including KKR, Alpha Wave, SoftBank, ADIA and TR Capital have collectively sold shares worth more than ₹10,000 Cr through block and bulk deals. 

• KKR: Sold 3.33 Cr shares worth ₹1,578.25 Cr via multiple bulk deals on May 8.
• Alpha Wave: Offloaded 7.44 Cr shares worth ₹3,523.62 Cr on the same day. 
• SoftBank: Sold 5.65 Cr shares worth ₹2,873.31 Cr through a block deal. 
• ADIA: Offloaded 4 Cr shares worth ₹1,960 Cr.
• TR Capital: Sold shares worth ₹185.81 Cr. 

The exits come amid a broader wave of secondary transactions across India’s new-age tech ecosystem as PE and VC investors look to monetise their holdings following public listings and improving market sentiment. Companies such as Pine Labs, Delhivery and Shadowfax have also witnessed sizable block deals in recent weeks. 

Despite the steady supply of shares, institutional demand has remained robust for these companies. A large portion of the stock sold by early investors has been absorbed by domestic mutual funds. Global investors such as BlackRock and Bank of America also increased their exposure to Lenskart in the June quarter. 

The investor interest is driven by the improving financial performance of these companies. 

In Q4 FY26, Lenskart’s operating revenue zoomed 46% YoY and 9% QoQ to ₹2,515.7 Cr. However, its consolidated net profit declined 7.5% YoY to ₹203.6 Cr. 

Shares of Lenskart were trading 0.64% lower at ₹535.10 on the BSE at 14:45 IST.

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