Alpha Wave Ventures executed a significant institutional transaction worth ₹1,857 crore on August 28, with shares sold at ₹630 per share to multiple domestic and global investors. The transaction involved Alpha Wave Ventures II LP selling 2.03 crore equity shares across two transactions, while Alpha Wave Ventures sold 45.21 lakh shares and Alpha Wave Ventures LP sold 46.94 lakh shares. Among the prominent buyers were National Pension System (NPS) Trust, which emerged as the biggest buyer with 78.57 lakh shares for ₹495 crore across three transactions, followed by ICICI Prudential AMC which acquired 60.32 lakh shares for ₹380 crore. Other major participants included WhiteOak Capital Mutual Fund (₹15.87 lakh shares), ICICI Prudential Life Insurance (₹14.29 lakh shares), HDFC Standard Life Insurance (₹12.70 lakh shares), Goldman Sachs Bank Europe SE (₹9.86 lakh shares), and Morgan Stanley Asia Singapore (nearly ₹10 lakh shares across two transactions). As per the shareholding pattern of June 2026, Alpha Wave Ventures held 4.64% stake in Lenskart Solutions before the transaction.
The eyewear retailer reported exceptional financial results for Q1 FY27, with net profit surging 270% year-on-year to ₹222 crore while revenue grew 43.3% to ₹2,714.2 crore. India revenue rose 30.7% and international revenue increased 38%, demonstrating broad-based growth across both domestic and international markets. The strong financial performance likely contributed to the institutional investor interest in the block deal transaction.
Texmaco Rail & Engineering has received a Letter of Intent from Tata Consultancy Services for the supply of RAN equipment, accessories and installation materials for BSNL's 4G mobile network across 18,685 sites, valued at ₹1,537 crore. The company has also secured multiple construction orders worth ₹134.27 crore from Kendriya Vidyalaya Sangathan, the Directorate of Teacher Education and SCERT (Odisha), and Canara Bank. NBCC (India) has been approved by the Ministry of Corporate Affairs to appoint Ganeshkumar Subramanian as Managing Director for a period of three years, effective April 1, 2026. Wipro announced the expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic AI.
Adani Power has executed a Share Purchase Agreement with its subsidiaries Chandenvalle Infra Park and AdaniConneX for the sale of its entire stake in CIPL to ACPL for ₹535.69 crore. Upon completion, Chandenvalle Infra Park will cease to be a subsidiary of the company. RPP Infra Projects has been terminated from a work order worth ₹205.89 crore by the Sports Development Authority of Tamil Nadu, following a decision to restructure and redesign the Global Sports City project. Alpha Wave India I LP exited Aye Finance by selling its entire 7.78% shareholding for ₹322.57 crore, while Morgan Terrassen and Morganite Crucible sold their entire 15.26% shareholding in Foseco India for ₹678.6 crore.
Lenskart Solutions shares traded lower throughout the week, falling 0.70% to close at ₹636.10 on Friday, despite the strong financial performance and significant institutional interest. The market response reflects mixed sentiment around different sectors and individual company performance, with investors likely focusing on the company's robust Q1 results and the substantial block deal activity. The eyewear retailer's strong financial performance, with net profit jumping nearly 4x and revenue surging 43%, positions it well for continued growth despite the recent share price decline.
