Lenskart Block Deal Alert: Alphawave Likely to Offload 1.2% Stake Worth ₹1,313 Crore at a Discount
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Eyewear retail giant Lenskart is expected to witness significant market activity as reports indicate a massive block deal valued at approximately ₹1,313 crore is lined up for market opening. According to market sources and CNBC Awaaz, prominent investor Alphawave is preparing to offload a portion of its equity holdings in the company through a structured secondary share sale.
Alphawave Prepares 1.2% Stake Sale at ₹630 Per Share
Insiders familiar with the development reveal that Alphawave is looking to divest roughly 1.2% of its total stake in Lenskart. The proposed floor price for the block deal has been pegged at ₹630 per share. This strategic divestment is expected to facilitate a substantial transfer of shares, drawing close attention from institutional investors and market analysts tracking consumer tech and retail sectors.
Attractive Discount and 45-Day Lock-In Period
The impending block deal is structured at an estimated discount of up to 1.7% compared to Lenskart's current market price (CMP). Furthermore, sources indicate that a mandatory 45-day lock-in period may be implemented following the successful completion of the transaction, ensuring stability and preventing immediate secondary market dumping by the seller.
While the final terms, pricing, and exact execution details remain subject to minor market adjustments, financial experts advise market participants to monitor Lenskart shares closely. Large-scale investor stake sales often create short-term sentiment shifts and volume surges, making today's trading session a crucial watchpoint for shareholders.
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