SoftBank sold a 1.56% stake in Lenskart Solutions through open market transactions. The sale of these shares reached a total value of approximately ₹1,896.25 crore. The investment firm offloaded its holding across 10 separate tranches.
The affiliate SVF II Lightbulb (Cayman) sold 2.72 crore shares at an average price of ₹697.15 per share. A group of domestic and foreign institutional investors purchased the equivalent number of shares at this same price point. Goldman Sachs became the largest buyer in the transaction, acquiring 91.84 lakh shares for about ₹640.26 crore.
Domestic buyers included Kotak Mahindra Mutual Fund, UTI Mutual Fund, and HDFC Life Insurance Company. Foreign entities such as Societe Generale, BNP Paribas, and William Blair Investment Management also participated in the purchase. Other buyers included the Public School Teachers’ Pension & Retirement Fund of Chicago, the Texas Municipal Retirement System, and the Florida Retirement System.
Lenskart Solutions operates as a technology-driven eyewear company. Its business model integrates designing, manufacturing, branding, and retailing. The company offers prescription eyeglasses, sunglasses, contact lenses, and various eyewear accessories through its multiple brands and sub-brands.
Based on company and agency reports. For information only; not investment advice.