Eyewear retailer Lenskart saw its shares fall 3% after Alpha Wave Ventures offloaded a 1.2% stake worth Rs 1,313 crore, adding to recent selling pressure from SoftBank.

Despite early investor skepticism over its high valuation multiples, optical retailer Lenskart has seen its market capitalization soar, maintaining strong investor confidence.

Motilal Oswal Wealth Management Research Desk has provided stock recommendations for the week, including Poonawalla Fincorp and Lenskart.

A BJP leader was filmed applying tilak on Lenskart staff members, amidst an ongoing controversy regarding the eyewear retailer's alleged dress code policy. The incident has sparked further debate over religious symbols in workplaces.

Lenskart has updated its in-store dress code policy to permit employees to express religious symbols like tilaks, following significant online criticism over a previous guideline that restricted such expressions.

Lenskart completed a major block trade involving 2.95 crore shares priced at Rs 630 apiece, totaling approximately Rs 1,857 crore.

SoftBank has pared down its stake in Lenskart for Rs 2,800 crore, while Y Combinator sold Meesho shares worth Rs 970 crore in block deals. These transactions saw major institutional investors like Morgan Stanley, Goldman Sachs, and Citigroup among the buyers.

Lenskart was ordered to pay Rs 20,000 in a consumer case after failing to honor a 'buy one get one free' offer. The ruling highlights consumer protection against unfulfilled promotions.

Lenskart, an eyewear retailer, has updated its in-store style guide to permit all religious symbols, following a public controversy related to the wearing of bindis and tilaks.

The founder of Lenskart clarified that "Bindi, Tilak" are not restricted by the company's grooming policy, stating that the version circulating online is outdated and has been revised multiple times.

Indian equities ended the trading session in negative territory influenced by uncertain global economic data, with notable movements in Wipro, Lenskart, Tata Motors Passenger Vehicles, Ather Energy, and Kotak Bank.

Peyush Bansal, co-founder and CEO of eyewear retailer Lenskart Solutions, has become India's latest billionaire five months after the company's listing.

SoftBank has divested 3.25% of its shares in the Indian eyewear retail company Lenskart Solutions through a block deal, according to data from the National Stock Exchange.

Lenskart, an eyewear retailer, has issued a revised dress code for its staff, stating "We Heard You," after facing significant backlash concerning its previous rules regarding traditional Indian markings like 'Bindi' and 'Tilak'.

Peyush Bansal, CEO of Lenskart, issued an apology after the company's 'grooming guide' sparked controversy for its depiction of religious symbols.