Lenskart stock fell after Alpha Wave Ventures sold about 1.9% stake via block deal worth roughly 1,900 crore rupees at a 5% discount to Friday's close

Mon 12 Oct 2026

Stake sold by Alpha Wave

1.9 percent

Deal value

1,900 crore rupees

Discount to Friday close

5 percent

Further lock-in period

30 days

Heard on business television between 13:54:05 - 13:57:05 IST.

• Alpha Wave Ventures, an early-stage investor in Lenskart, sold close to 1.9% stake in the company.
• The deal garnered close to 1,900 crore rupees for Alpha Wave Ventures.
• Shares were sold at almost a 5% discount to Friday's closing price, creating supply pressure.
• There is a lock-in of about 30 days before further sale of shares; another tranche of selling could come after that period.
• Alpha Wave Ventures has been a seller across several newly listed new-age companies as lock-in periods expire.

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