Abu Dhabi Investment Authority (ADIA), through its affiliate -- Platinum Jasmine A 2018 Trust, has trimmed its stake held in Lenskart Solutions through an open market transaction worth around Rs 2,390.57 crore. Platinum Jasmine A 2018 Trust has offloaded 3.5 crore shares, representing 2.01% of total shareholding, of the company. The shares were sold at an average price of Rs 683.02 apiece.
Lenskart Solutions is a technology-driven eyewear company with integrated operations spanning designing, manufacturing, branding and retailing of eyewear products. It primarily sells prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories, under multiple brands and sub-brands.
