Highlights
SoftBank has sold shares valued at Rs 2,873 crore in the eyewear retailer Lenskart through a significant block deal, marking a continued reduction of its stake in the company post-public listing. As per stock exchange data, SoftBank’s affiliate SVF II Lightbulb (Cayman) divested 5.65 crore shares, which accounts for roughly 3.25% of Lenskart’s shares, priced at Rs 508.55 each, bringing the transaction value to nearly Rs 2,873 crore (around $300 million).
Investment Participation and Stake History
Numerous domestic and international institutional investors were involved in this transaction, including notable firms like Goldman Sachs, Fidelity, WhiteOak Capital, and Quant Mutual Fund, among others. SoftBank was among Lenskart’s largest shareholders prior to the company’s initial public offering (IPO) and had already sold part of its holdings during the offer-for-sale (OFS) process. This recent divestment follows the end of the mandatory lock-in period for pre-IPO shareholders.
About Lenskart
Established by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi, Lenskart operates through both online and offline retail channels. The company has a substantial footprint with thousands of stores across India and several international markets, in addition to manufacturing eyewear products at its own facilities.
Latest Financial Performance
The most recent stake sale appears to primarily be a profit-booking move by SoftBank rather than a complete exit, as the investor retains a considerable stake in the company. Lenskart reported a remarkable 46% year-on-year increase in revenue during its Q4 FY26 results, reaching Rs 2,516 crore, alongside a profit of Rs 204 crore.
Current Market Status
As of 10:40 AM, Lenskart shares are trading at Rs 516, which places the company’s overall market valuation at Rs 89,753 crore.