The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alpha Wave Ventures II, LP
LENSKART · price
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On the reaction day the stock moved 0.6 pts more than Nifty Midcap 150 and 1.3 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Alpha Wave Ventures II, LP, a non-promoter investor, sold 43 million shares (2.46%) of Lenskart Solutions on the open market between May 2026. The 2% threshold was crossed on May 8, 2026, triggering this disclosure. After the sale, Alpha Wave Ventures II's stake dropped from 3.70% to 1.24%. Including its Person Acting in Concert (PAC) Alpha Wave Ventures, LP, the combined holding fell from 7.13% to 4.67%. The filing also references release of encumbrance, though the detailed table shows zero encumbered shares before and after the transaction.
Significant selling by a major non-promoter shareholder reduces the stock's support base. The combined 2.46% stake disposal on the open market could signal reduced confidence by this investor or portfolio rebalancing, potentially creating short-term selling pressure.