Lenskart Solutions Limited

Nippon India Mutual Fund bought 14,981 shares of Lenskart Solutions for ₹0.94 Cr at ₹630.00 apiece in a block deal. Shares of Lenskart Solutions fell 3% today after Alpha Wave Ventures sold up to 2.1 crore shares, or a 1.2% stake, worth ₹1313 crore through a block deal.

A technology-driven eyewear retailer that designs, manufactures, and sells prescription glasses, sunglasses, contact lenses, and accessories across India. The company combines in-house manufacturing capabilities with a multi-channel retail presence, leveraging digital platforms and physical stores to distribute eyewear products to consumers nationwide. Its vertically integrated business model allows direct control over product quality, cost management, and supply chain efficiency while maintaining brand consistency.

India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.