1 week ago
SoftBank Vision Fund May Sell 2.6% Lenskart Stake
A company linked to SoftBank may sell part of its ownership in Lenskart.
The stake could be as large as 2.6% of Lenskart.
The possible sale is worth about $300 million.
It would happen through a block deal.
The minimum proposed price is ₹635 for each share.
This is lower than Lenskart’s previous closing price of ₹661.4.
The discount is about 4%.
Sources provided the information, but the sale was described as likely rather than confirmed.
SVF II Lightbulb Cayman is likely to sell up to a 2.6% stake in Lenskart.
The potential transaction is valued at approximately $300 million.
The block deal’s floor price has been set at ₹635 per share.
The floor price represents a 4% discount to Lenskart’s previous closing price.
Lenskart’s previous closing price was ₹661.4 per share.
- Who
- SVF II Lightbulb Cayman, associated with SoftBank Vision Fund II, is likely to sell a stake in Lenskart.
- What
- A potential block deal involving the sale of up to 2.6% of Lenskart for approximately $300 million.
- Where
- The articles do not specify where the transaction will occur.
- When
- The articles do not specify when the transaction will occur.
- Why
- The articles do not state why SVF II Lightbulb Cayman may sell the stake.
Key facts
- Seller
- SVF II Lightbulb Cayman
- Company
- Lenskart
- Potential stake
- Up to 2.6%
- Estimated value
- Approximately $300 million
- Floor price
- ₹635 per share
- Previous closing price
- ₹661.4 per share
- Discount
- 4% to the previous closing price
Sources
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