SoftBank Sells ₹2,900 Cr Stake In Lenskart Via Block Deals
Adding to its Lenskart windfall, global investment firm SoftBank has now offloaded 4.50 Cr shares in the eyewear retailer to…
Global investment firm SoftBank has recently sold a 4.50 Cr share stake in eyewear retailer Lenskart, generating ₹2,887.9 Cr. The transaction involved SoftBank's holding entity, SoftBank Vision Fund (SVF) II Lightbulb (Cayman) Ltd, which offloaded the shares at an average price of ₹641.75 each – a 3% discount compared to the stock's last closing price.
This marks the second major partial exit from Lenskart for SoftBank, following a previous block deal in June where the company sold 5.65 Cr shares for ₹2,873.3 Cr. Despite the June sale, SoftBank still holds a 9.79% stake in the company as of June 31, 2026. European financial giant Societe Generale emerged as the primary buyer, acquiring 1.1 Cr shares.
Goldman Sachs, Motilal Oswal Mutual Fund, HSBC Mutual Fund, and several other investors also participated in the deal. The eyewear retailer has experienced a significant bullish trend, increasing over 69% since its bourse listing in November. Lenskart achieved full-year profitability in FY25 and saw a 32.3% year-on-year revenue growth to ₹9,002.3 Cr.
The company has also made investments to expand its international presence, including a ₹10.6 Cr investment in Singapore-based Baofeng Framekart Technology Ltd.
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