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Lenskart block deal: Rs 2,047 crore stake sale likely; Platinum Jasmine may offload 1.7% holding

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Lenskart block deal: Rs 2,047 crore stake sale likely; Platinum Jasmine may offload 1.7% holding
Eyecare solutions provider Lenskart Solutions is likely to see another block deal, with shareholder Platinum Jasmine reportedly looking to divest up to 3 crore shares, or around 1.7% of the company’s equity, according to reports.

The proposed block deal is estimated to be worth Rs 2,047.40 crore. Platinum Jasmine is reportedly likely to sell the shares at Rs 682.45 apiece, which would represent a discount of up to 3.42% to Lenskart Solutions’ latest traded price of Rs 706.60 on the BSE. The seller is also reportedly subject to a 90-day lock-up period for any further sale of its stake.

As of June 30, 2026, Platinum Jasmine held 16,98,15,438 shares, representing a 9.77% stake in Lenskart Solutions, according to the company’s exchange filing.

At Friday’s closing price of Rs 706.60 per share, Lenskart Solutions shares ended 3.94% higher compared with the previous close of Rs 679.80. During Friday’s session, the stock traded in a range of Rs 677.50 to Rs 725 on the BSE.

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Lenskart Solutions made its stock-market debut in November 2025 after raising Rs 7,278.02 crore through a combination of a fresh issue of 53.5 million equity shares and an offer for sale of up to 127.6 million shares by promoters and existing investors.
The company’s shares listed at Rs 395 apiece on the NSE, a 1.75% discount to the issue price of Rs 402. On the BSE, the shares opened at Rs 390, marking a 3% discount to the issue price.At Friday’s closing price of Rs 706.60, Lenskart shares were about 75.77% above their IPO issue price of Rs 402.

Earlier last month, on August 12, Lenskart Solutions reported a rise in profit after tax (PAT) to Rs 228 crore for the first quarter of FY27, compared with Rs 61 crore in the same quarter of the previous fiscal year.

Revenue from operations increased to Rs 2,714 crore during the quarter from Rs 1,894 crore in Q1 FY26.

EBITDA stood at Rs 589 crore, compared with about Rs 365 crore in the year-ago quarter.

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About Lenskart Solutions

Lenskart Solutions is a tech-driven and integrated eyewear company primarily selling prescription eyeglasses, sunglasses and other products such as contact lenses and eyewear accessories.

The company sells its products in India, its largest market, and has recently expanded into select international markets such as Japan, Southeast Asia and the Middle East. Lenskart designs and sells a wide range of eyewear products under multiple owned in-house brands and sub-brands.

Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an investment advisor. Gaurav does not hold any financial interest in the company as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of the EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.

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Prince Harry Calls His First Two Weeks Back in Britain ‘Eventful’ in First Interview Since His Return

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Prince Harry

LONDON — Prince Harry made his first public appearance and gave his first interview since unexpectedly relocating back to the United Kingdom, describing the two weeks since his return in a single word: “eventful.”

The Duke of Sussex attended the inaugural Invictus Spirit Awards at the Old Royal Naval College in London on September 17, arriving solo in black tie and wearing medals from his time as a working member of the royal family. His wife, Meghan Markle, was believed to be at home with their two children, Prince Archie and Princess Lilibet, at the family’s private, non-royal residence outside London, where they have been living since relocating from California in late August.

Speaking to Hello! magazine, which conducted the first interview with Harry since his return, the prince reflected on the whirlwind period since the family’s move. “It’s great to be back on British soil,” he said. When asked what had stood out most since settling back into life in the U.K., Harry responded with characteristic humor. “My highlight so far? Oh, I don’t know. Would I dare share it with you?” he said, before turning more direct. “It’s been eventful,” he added. “But, you know, we’re getting stuck into the work. Kids are in school. We’re happy. And, as I said, it’s great to be back on British soil, and looking forward to Birmingham next year for the Invictus Games that’s coming up,” referring to the next edition of the Games scheduled for July 2027.

Harry expanded further on his feelings about the evening itself, describing the emotional weight of reconnecting with the community tied to the Invictus Games, the multi-sport competition he founded in 2014 for wounded, injured and sick military service members. “It’s great,” he said. “It’s wonderful to be back on British soil and really nice to see so many old faces and friends that came to this, and new faces as well, and new donors. And most of all, I guess, my Invictus family. It’s been a very special journey over the last 12 years. So, yeah, all families.”

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According to Hello!, Harry was “clearly in his element” throughout the evening, stopping repeatedly to talk with attendees and take selfies with anyone who asked. The outlet reported that Harry, speaking with them later in the evening, admitted he was “a little hot and sweaty” and had gotten makeup on his tuxedo from hugging so many guests, a detail the publication characterized as evidence of the warm welcome he received at the event.

The Invictus Spirit Awards, described as an event held to honor the bravest and most resilient former servicemen and women, drew a number of high-profile attendees and supporters. Harry’s friend James Corden was on hand at the event, while celebrities including Michael Bublé, Elton John, Coldplay frontman Chris Martin and Ed Sheeran donated items for the evening’s charity auction. Hello! reported the event raised more than $2.2 million, with roughly 350 guests in attendance dining on Cornish lamb.

Harry, a 10-year veteran of the British Army, was seen wiping away a tear at one point during the evening, underscoring the emotional resonance the event carried for him personally. In his own remarks to the room, Harry spoke about what resilience and recovery can look like for the service members the Invictus Games was created to support. “Sometimes victory is getting out of bed or asking for help,” he said. “It is finding work, reconnecting with your family, or putting a uniform away and discovering that your service — and your purpose — did not end with it.”

Harry’s appearance came in the same week that excerpts from his uncle Charles Spencer’s forthcoming memoir about Princess Diana, titled “Swan Song: Diana, My Sister,” began circulating in the British press. According to multiple reports, neither Harry nor his brother, Prince William, were made aware of the book’s contents before the excerpts were released. At one point during the evening, a reporter called out to Harry asking how he was feeling about his uncle’s book. According to the Daily Mail, Harry ignored the question and “looked serious” in response, declining to address the memoir publicly.

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Harry’s solo appearance at the awards event marked a notable early public moment following the family’s abrupt relocation, which came ahead of Archie and Lilibet starting the new school term in England. The couple’s return has continued to generate substantial media attention in the weeks since, with ongoing coverage focused on the family’s living arrangements, their children’s schooling, and the broader state of Harry’s relationship with the rest of the royal family, including his father, King Charles, and his brother, William.

With the next Invictus Games still roughly ten months away in Birmingham, and further fallout from his uncle’s memoir likely to continue unfolding in the British press in the days ahead, Harry’s first public remarks since returning to the U.K. offered a brief but candid glimpse into how he has been navigating the transition back to life in his home country after several years based in the United States.

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Warren Buffett steps down as Berkshire chairman after six decades

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Earl Spencer walking, wearing a navy suit and a purple tie.

Warren Buffett has stepped down as chairman of Berkshire Hathaway, handing over leadership to his son Howard in the final chapter of a long-planned transition at the US business giant.

At 96, the world-famous investor will move into an advisory role as chairman emeritus and remain on the company board to offer his “judgement and perspective”, according to a letter to shareholders, external.

The decision comes nine months after Buffett passed the chief executive role to Greg Abel, with his son, Howard, who has been a director since 1993, taking over non-executive board duties.

Known as the “Oracle of Omaha,” Buffett built one of the most successful investment track records in modern history.

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He took control of Berkshire Hathaway in 1965 when it was a struggling New England textile mill and turned it into a $1.1 trillion (£822b), global conglomerate.

Today, the business owns a wide range of well-known brands including GEICO car insurance, Dairy Queen, and BNSF railway system. It also owns large stakes in companies like Apple and Coca-Cola – a brand close to Buffett’s heart, as he famously drinks five cans a day.

Buffett has made his mark through “value investing” – a strategy focused on finding companies with solid fundamentals, buying them at fair prices, and holding them for decades.

His annual letters to shareholders and festival-like annual meetings turned him into a leading mentor across the financial world.

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Despite his retirement from the top board post, the change is considered an orderly passing of the baton rather than a sudden shock.

“The timing is right to complete the transition,” Buffett wrote, noting he had recently celebrated his 96th birthday and the first birthday of one of his great-grandchildren, who is “moving a bit faster” than he is.

The company assured investors that day-to-day operations will remain steady.

While Greg Abel manages corporate strategy and capital decisions, Howard Buffett’s main duty as chairman will be guarding the firm’s “culture and values”. A former farmer, philanthropist, and sheriff, the younger Buffett brings more than three decades of board experience to the role.

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Buffett concluded his letter by saying it had been the “privilege of a lifetime” to serve as chairman, but acknowledged that in the end, “Father Time always wins”.

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Citigroup Inc. (C) Presents at Barclays 24th Annual Global Financial Services Conference Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript