Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal

Published

on

Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal
ADIA-backed Platinum Jasmine A 2018 Trust on Thursday sold a 2.3% stake in Lenskart Solutions through a block deal worth Rs 1,960 crore, according to exchange data. The investor offloaded 4 crore shares at Rs 490 apiece, translating into a total transaction value of Rs 1,960 crore.

The sale was executed at a discount of about 2% to Lenskart’s previous closing price of Rs 500.15.

The block attracted strong interest from a wide range of domestic and global institutional investors. Among the biggest buyers were Kotak Mahindra Mutual Fund, which acquired over 1.2 crore shares, Canara Robeco Mutual Fund with 32.2 lakh shares, Franklin Templeton Mutual Fund with 22.4 lakh shares, and Mirae Asset Mutual Fund, which purchased 22 lakh shares.

Insurance companies and pension funds also participated actively. ICICI Prudential Life Insurance, HDFC Life, Kotak Mahindra Life Insurance, and the National Pension System (NPS) Trust were among the buyers.

Advertisement

Foreign investors including Morgan Stanley Asia, Goldman Sachs Investments, Viridian Asia Opportunities, Integrated Core Strategies (Asia) and Ghisallo Master Fund also picked up shares in the transaction.


The latest sale comes less than a week after another major shareholder exit in Lenskart. Earlier this month, SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares at Rs 508.55 apiece through a block deal worth around Rs 2,873 crore.
Brokerages remain constructive on the company’s long-term prospects. Elara Capital recently initiated coverage with a “Buy” rating and a target price of Rs 615, implying upside from current levels.The brokerage highlighted Lenskart’s integrated business model spanning eye testing, manufacturing, distribution and retail. It estimates the company can deliver a 25% revenue CAGR and 38% EBITDA CAGR between FY26 and FY29.

Lenskart operates more than 600 stores globally and has expanded internationally through acquisitions such as Owndays and Meller. International operations account for around 42% of revenue, while its technology-led vision care platform and backward-integrated manufacturing capabilities have helped it emerge as one of India’s largest eyewear retailers.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

US judge blocks Ken Paxton’s lawsuit against Democratic fundraising platform ActBlue

Published

on

US judge blocks Ken Paxton’s lawsuit against Democratic fundraising platform ActBlue


US judge blocks Ken Paxton’s lawsuit against Democratic fundraising platform ActBlue

Continue Reading

Business

Starbucks tackles afternoon food

Published

on

Starbucks tackles afternoon food

Plans in place for daily deliveries.

Continue Reading

Business

Form 4 Western Digital Corporation For: 11 June

Published

on


Form 4 Western Digital Corporation For: 11 June

Continue Reading

Business

Form 4 Union Pacific Corporation For: 11 June

Published

on


Form 4 Union Pacific Corporation For: 11 June

Continue Reading

Business

Topicus.com Inc. (TOI:CA) Shareholder/Analyst Call Transcript

Published

on

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

Topicus.com Inc. (TOI:CA) Shareholder/Analyst Call May 15, 2026 8:00 AM EDT

Company Participants

Lawrence Cunningham
Caroline Khachehtoori – SVP, General Counsel, Senior Legal Counsel & Corporate Secretary
Bernard Anzarouth – Chief Investment Officer

Conference Call Participants

Advertisement

Mark Dennison – Constellation Software Inc.

Presentation

Operator

Advertisement

Please welcome Board of Director and Board Vice Chairman, Constellation Software, Lawrence Cunningham.

Lawrence Cunningham

Thank you very much. Good morning. Welcome to the Annual General Meetings of Constellation Software, Inc., Lumine Group and Topicus.com. Before we begin our management presentations and shareholder Q&A, we’d like to proceed with the formal aspects of these annual general meetings. To start with Topicus, I welcome to the stage, Corporate Secretaries, Mark Dennison and Caroline Khachehtoori. Mark, Caroline.

Advertisement

Mark Dennison
Constellation Software Inc.

Good morning. I’m Mark Dennison. I am the Corporate Secretary of Topicus. Robin Van Poelje, our Chief Executive Officer and Chair of the Board has asked me to act as chair of today’s meeting. Our CFO, Jamal Baksh will act as Secretary of the meeting. Shirley Tom and Melissa Phillips of Computershare will act as the scrutineers and compute the votes of any polls taken at this meeting. We are conducting today’s meeting as a hybrid meeting held virtually via live webcast and in-person.

Before we get started, I wanted to outline a few logistical items regarding the conduct of this meeting. Any questions regarding procedural matters or directly related to the motions before the meeting may be addressed during the formal part of this meeting. For virtual attendees who would like to submit questions online for the Q&A session that will occur after the Constellation meeting, please submit your questions during the Constellation meeting beginning at or around 8:30 a.m. Eastern time. For in-person attendees, please save your questions for the Q&A session later this morning after the formal portion of

Advertisement
Continue Reading

Business

Truvia debuts tri-blend sweetener

Published

on

Truvia debuts tri-blend sweetener

The sweetener blends allulose, stevia and monk fruit. 

Continue Reading

Business

10 Best New Movies Streaming on Netflix in June 2026 for Summer Viewing

Published

on

Netflix to Open 2 Massive Entertainment Venues That Will Offer Events, Shops Themed to Its Famous Shows

LOS ANGELES — Netflix is rolling out a strong slate of new movies in June 2026, blending original productions, licensed blockbusters and international hits that cater to diverse tastes during the summer months. The streaming service continues to invest heavily in content that drives subscriber engagement, with several high-profile releases expected to dominate viewing charts.

Here are ten standout new movies arriving on Netflix this month, selected based on critical anticipation, cast strength and genre appeal.

1. The Last Horizon This ambitious sci-fi epic follows a crew of astronauts attempting to restart civilization on a distant planet after Earth’s collapse. Directed by emerging talent Marcus Hale, the film stars Zendaya and Timothée Chalamet. Early reviews highlight its stunning visuals and thoughtful exploration of human resilience, making it a must-watch for fans of thoughtful genre films.

2. Echoes of Yesterday A poignant drama centered on a family reuniting after decades apart, “Echoes of Yesterday” stars Viola Davis and Denzel Washington. The film explores themes of forgiveness and generational trauma with emotional depth. Netflix’s acquisition of this awards-season contender has generated significant buzz, positioning it as a strong performer among drama enthusiasts.

Advertisement

3. Shadow Protocol Action fans will find plenty to enjoy in this high-octane thriller starring Chris Hemsworth as a rogue intelligence operative. Directed by the team behind recent successful franchise entries, the movie features intense chase sequences and intricate plotting. Its fast-paced narrative and international locations make it ideal summer escapism.

4. Love in the Algorithm A charming romantic comedy that examines modern dating through the lens of artificial intelligence, this original Netflix film stars Emma Stone and Andrew Garfield. Witty dialogue and relatable characters have drawn comparisons to classic rom-coms, with early audience testing showing strong appeal across age groups.

5. The Forgotten Kingdom This fantasy adventure introduces viewers to a hidden realm where ancient magic clashes with modern technology. Starring Anya Taylor-Joy and Henry Cavill, the film boasts impressive world-building and visual effects. Netflix has heavily promoted the title as part of its growing fantasy portfolio.

6. Silent Reckoning A tense psychological thriller from acclaimed director Jordan Peele, “Silent Reckoning” stars Lupita Nyong’o as a woman uncovering dark secrets in her seemingly perfect suburban life. The film’s masterful tension-building and social commentary have positioned it as one of June’s most anticipated releases.

Advertisement

7. Rise of the Phoenix An uplifting sports drama following a young athlete’s journey to Olympic glory, this film features a breakout performance by a new talent alongside veteran Michael B. Jordan. Inspirational storytelling and authentic sports sequences make it appealing for family viewing and motivational audiences.

8. Midnight Covenant A horror mystery with supernatural elements, this original production stars Florence Pugh and explores themes of grief and the afterlife. Atmospheric direction and strong performances have generated positive early word-of-mouth within genre communities.

9. Global Pursuit An espionage action-comedy starring Ryan Reynolds and Margot Robbie, the film follows rival spies forced to team up on a high-stakes mission. Its blend of humor, stunts and international intrigue aligns with Netflix’s successful formula for crowd-pleasing entertainment.

10. Hearts Unwritten A heartfelt period romance set in the early 20th century, this adaptation of a bestselling novel stars Saoirse Ronan and Paul Mescal. Beautiful cinematography and nuanced performances are expected to attract viewers seeking emotional depth and historical drama.

Advertisement

Netflix’s Content Strategy in Focus

June’s lineup reflects Netflix’s continued emphasis on variety to retain subscribers in a competitive streaming landscape. By mixing big-budget originals with licensed titles, the platform aims to appeal to different demographics simultaneously. Family-friendly options sit alongside mature thrillers, ensuring broad household appeal during summer vacation periods.

Industry analysts note that Netflix has increased investment in original films to differentiate from competitors. The inclusion of star-driven projects helps generate media buzz and social media engagement, which often translates into higher completion rates and renewed subscriptions.

Viewing Trends and Recommendations

Advertisement

Summer months traditionally see increased family and leisure viewing, making titles like “Rise of the Phoenix” and “Love in the Algorithm” particularly well-timed. For those seeking prestige content, “Echoes of Yesterday” and “Silent Reckoning” offer award-worthy performances and thoughtful storytelling.

Viewers are encouraged to explore the platform’s recommendation algorithms, which often surface personalized suggestions based on past viewing habits. Creating watch parties or family movie nights can enhance the experience of shared titles.

Broader Industry Context

Netflix faces ongoing competition from Disney+, Max, Prime Video and others, each vying for audience attention with exclusive content. The company’s ability to secure high-profile talent and deliver consistent quality remains key to maintaining its leading position in global streaming.

Advertisement

As consumer preferences evolve toward shorter attention spans and on-demand flexibility, Netflix’s monthly release strategy helps sustain engagement. June 2026’s offerings demonstrate the platform’s commitment to delivering fresh entertainment across genres.

Practical Tips for Subscribers

To make the most of June’s new releases, subscribers should check availability in their region, as some titles may vary by country due to licensing agreements. Using profiles for personalized recommendations and enabling downloads for offline viewing can improve the experience, especially during travel.

Parental controls remain useful for families managing content suitable for different age groups. Exploring Netflix’s “Top 10” lists and genre categories can uncover hidden gems beyond the most heavily promoted titles.

Advertisement

Anticipation and Future Releases

The strong June slate builds excitement for the remainder of 2026, with major franchises and original series expected later in the year. Netflix’s investment in diverse storytelling continues to attract global audiences, from Hollywood blockbusters to international productions.

As streaming consumption patterns shift, the platform’s ability to balance quantity and quality will determine its long-term success. For now, June 2026 offers viewers a rich selection of new movies that cater to various moods and interests.

The month promises memorable viewing experiences, whether through high-stakes action, emotional dramas or lighthearted comedies. Subscribers are encouraged to dive in early to avoid potential spoilers and fully enjoy the latest additions to Netflix’s extensive library.

Advertisement

With compelling stories, star power and technical excellence, these ten films represent some of the best new entertainment arriving on the platform this June. As always, personal tastes will guide individual preferences, but the variety ensures something for nearly every viewer seeking quality streaming content.

Netflix’s June 2026 movie lineup underscores the platform’s ongoing commitment to delivering fresh, engaging content that keeps subscribers coming back. The blend of established stars, innovative storytelling and timely themes positions these releases for strong performance across global audiences.

Continue Reading

Business

TraceGains launches AI R&D tool

Published

on

TraceGains launches AI R&D tool

Formula AI embeds artificial intelligence directly into the food development process. 

Continue Reading

Business

Ariana Grande to White House: Don’t use my music for ’heinous nonsense’

Published

on

Ariana Grande to White House: Don’t use my music for ’heinous nonsense’


Ariana Grande to White House: Don’t use my music for ’heinous nonsense’

Continue Reading

Business

Stocks Are Heading Lower Again. Inflation Doesn’t Move the Needle on Rates.

Published

on

Stocks Little Changed After Fed Decision

The stock market’s slide continued on Wednesday after the latest inflation report failed to rouse Wall Street.

The Dow fell 340 points, or 0.7%. The S&P 500 was down 0.6%. The Nasdaq was down 0.7%.

The yield on the 2-year Treasury note was down to 4.12%. The 10-year yield was up to 4.53%.

Continue Reading

Trending

Copyright © 2025