Temasek sells 2.05% stake in Lenskart

Singapore-based investment firm Temasek Holdings has divested 3.56 crore shares, representing a 2.05% stake, in omnichannel eyewear retailer Lenskart. The transactions were conducted through multiple open-market sales, according to regulatory filings.

Temasek’s subsidiary MacRitchie Investments Pte, along with associated entities Jongsong Investments Pte and V-Sciences Investments Pte, executed the sales. The most recent transaction on July 10 involved 72.69 lakh shares, valued at roughly ₹394.9 crore based on Lenskart's closing price that day.

Cumulatively, the shares sold amount to approximately ₹1,937.3 crore. Following these sales, MacRitchie's stake in Lenskart has reduced to 4.71% from its previous 6.75%. The subsidiary now holds 8.24 crore Lenskart shares.

Temasek initially invested in Lenskart in 2024 through secondary purchases. This divestment occurs as other significant Lenskart investors, including Abu Dhabi Investment Authority (ADIA) and SoftBank, have also reduced their holdings after the expiration of a lock-in period.

Lenskart, founded in 2010, operates as an omnichannel eyewear retailer with a presence in India, the UAE, Singapore, and Japan, serving over 20 million customers. The company has raised over $1.75 billion in funding to date.