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Abu Dhabi Investment Authority to invest nearly $400 million in Lenskart

ADIA in advanced talks with Lenskart for an investment of up to $350 million to $400 million

Photo: Bloomberg

Reuters Bengaluru

1 min read Last Updated : Dec 12 2022 | 9:34 AM IST

BENGALURU (Reuters) - Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is in advanced talks with Indian eyewear retailer Lenskart for an investment of up to $350 million to $400 million at a $4.5 billion valuation, the Economic Times newspaper reported on Monday, citing people aware of the matter.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

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