Friday, 24 March, 2023

Ratan Tata to exit his investment in Lenskart with 5x return

<p>Ratan Tata to exit his investment in Lenskart Solutions. As many as 24,246 shares held by Ratan Tata will be converted into common equity shares for secondary sale, said media reports. Tata has purchased these shares at Rs 2 per share, as per the company&#39;s regulatory disclosures. The Lenskart board gave the responsibility of monitoring the company&rsquo;s equity-based remuneration plan for employees to Lenskart ESOP Trust.</p> <p>&nbsp;</p>