After Lock-In Expiry, Investors Sell Lenskart Shares Worth At Least ₹3,861 Cr
As Lenskart’s six month IPO lock-in period expired yesterday, existing backers sold shares worth at least ₹3,861.1 Cr in multiple block deals.
Venture·After·Investors·Sell·Inc42
30 Sec Summary
- As per NSE data, investors sold at least 8.
- After yesterday’s fall, the stock price of Lenskart saw heavy movement, but the stock finally closed the day 0.
- As Lenskart’s six month IPO lock-in period expired yesterday, existing backers sold the eyewear giant’s shares worth at least ₹3,861.
- As per NSE data, investors sold at least 8.
Key Highlights
- ✓As per NSE data, investors sold at least 8.
- ✓After yesterday’s fall, the stock price of Lenskart saw heavy movement, but the stock finally closed the day 0.
- ✓As Lenskart’s six month IPO lock-in period expired yesterday, existing backers sold the eyewear giant’s shares worth at least ₹3,861.
- ✓As per NSE data, investors sold at least 8.
As per NSE data, investors sold at least 8.15 Cr shares at 473.4 apiece to rake in the amount after the expiration of the startup’s six month IPO lock-in period
Inside the move
While Alpha Wave Ventures sold 3.72 Cr shares, BirdsEye Holdings and TR Capital offloaded at least 1.67 Cr and 80.3 Lakh shares, respectively
After yesterday’s fall, the stock price of Lenskart saw heavy movement, but the stock finally closed the day 0.31% higher at ₹489.5 on the BSE
The numbers behind the story
As Lenskart’s six month IPO lock-in period expired yesterday, existing backers sold the eyewear giant’s shares worth at least ₹3,861.1 Cr in multiple block deals.
As per NSE data, investors sold at least 8.15 Cr shares at 473.4 apiece to rake in the amount. While Alpha Wave Ventures sold 3.72 Cr shares, BirdsEye Holdings and TR Capital offloaded at least 1.67 Cr and 80.3 Lakh shares, respectively.
Content Courtesy
Inc42 — by Team Inc42
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