MacRitchie sells ₹1,920 cr of Lenskart, third big investor exit in weeks
Singapore entity cuts stake below 5% as SoftBank and ADIA also trimmed holdings, creating a supply overhang for the eyewear retailer.
— 5 earlier stories on Lenskart Solutions Ltd. →What's new
- MacRitchie Investments sold 35.7 million shares (~2% stake) in an open market transaction.
- Stake dropped from 6.80% to 4.75%, crossing the 5% regulatory disclosure threshold.
- Follows SoftBank (3.25% in June) and ADIA trust (2.30% in June) stake cuts.
Why this matters
Three major institutional sellers in as many weeks create a supply overhang for Lenskart shares. With a P/E of 179x and ROE under 5%, the selling may reflect valuation concerns despite strong revenue growth.
What we're watching
- Whether any promoter or existing investor absorbs the supply or price adjusts.
- Lenskart's next earnings report and any commentary on share buyback or internal action.
- Pattern of institutional exits: if more large holders reduce, sentiment could weaken.
The full read
MacRitchie Investments has become the third large Lenskart investor to pare its stake in six weeks. On July 10, the Singapore entity sold 35.7 million shares worth ₹1,920 crore in an open market transaction, cutting its holding from 6.80% to 4.75% and crossing the mandatory 5% disclosure threshold. The sale follows SoftBank shedding 3.25% in June and an ADIA-linked trust cutting 2.30% the same month — a combined over 7% of equity changing hands from institutional sellers in a short span. Lenskart trades at a trailing P/E of 179x with a ROE of 4.8%, and revenue growth of 45.6% has not yet translated to profit growth (PAT down 7% trailing). For a stock already grappling with valuation debate, the concentrated supply from insiders adds a tangible overhang. The next test: whether the selling is absorbed or triggers a price reset.
Questions answered
- How much did MacRitchie sell and at what price?
- MacRitchie sold 35.7 million shares worth about ₹1,920 crore, implying an average price of roughly ₹538 per share.
- Why did MacRitchie sell?
- The filing provides no reason, but it follows similar moves by SoftBank and ADIA, possibly portfolio rebalancing or profit-taking.
- What is Lenskart's current market cap?
- According to the news summary, Lenskart has a market capitalisation of about ₹93,600 crore.
- How does this compare to previous stake sales?
- SoftBank sold 3.25% worth ₹2,859 crore in June, and an ADIA-related trust sold 2.30% worth ₹2,008 crore, making this the third large exit in six weeks totaling over ₹6,700 crore.
- Is this event likely to affect the stock price?
- Yes, the concentrated supply from institutional sellers, combined with a high P/E of 179x, indicates potential downward pressure on the stock.
Lenskart Solutions Ltd.
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All notes on LENSKART →- 14 Jul 2026 · 10:59 AM IST MacRitchie sells ₹1,920 cr of Lenskart, third big investor exit in weeks
- 12d ago Lenskart JV with China's Mingfeng for metal frames; merger formalised
- 32d ago ADIA trust pares Lenskart stake below 10% after SoftBank exit
- 38d ago SoftBank exits Lenskart below 10%, sells ₹2,859 crore in open market.
- 48d ago Lenskart's India margins hit 64% as Japan scales to 7% EBITDA