Abu Dhabi's ADIA to invest $500m in Indian eyewear retailer Lenskart

Abu Dhabi's ADIA to invest $500m in Indian eyewear retailer Lenskart

Photo: Reuters

The Abu Dhabi Investment Authority (ADIA), through its wholly owned subsidiary, has agreed to invest $500 million in Lenskart, the Indian eyewear retailer announced on Thursday.

In a statement, Lenskart said the aforementioned investment will be made via a purchase of both primary and secondary shares and will result in ADIA becoming one of its largest shareholders.

Edited by: Joymitra Rai

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter