SoftBank Sells Lenskart Stake Worth ₹2,888 Cr

SoftBank has sold a stake in eyewear retailer Lenskart, earning ₹2,887.9 Cr. The investment firm sold 4.50 Cr shares via its holding entity SoftBank Vision Fund (SVF) II Lightbulb (Cayman) Ltd at an average price of ₹641.75 per share, 3% below the stock's last closing price. This is the second major partial exit for SoftBank in Lenskart, following a June deal where it sold 5.65 Cr shares for ₹2,873.3 Cr.

Despite the June sale, SoftBank still holds a 9.79% stake or 17.14 Cr shares in the company as of June 31, 2026. European giant Societe Generale became the largest buyer, purchasing 1.1 Cr shares, followed by Goldman Sachs with 84.3 Lakh shares and Motilal Oswal Mutual Fund with 47.7 Lakh shares. Other major buyers included HSBC Mutual Fund, US investment firms Vanguard, KKR, ABG Capital, Alpha Wave, TR Capital, ADIA, and several others.

Lenskart's stock has surged over 69% since its listing debut in November, reaching a 50% year-to-date increase. The positive momentum is attributed to the company's improved financial performance, with its first full-year profitability in FY25 and double-digit revenue growth in FY26 and Q1 FY27. However, Lenskart also faced a cyber incident affecting a sub-vendor of its Singapore-based group company.