1 week ago
SoftBank Sells Second Lenskart Stake Worth ₹2,888 Crore
SoftBank owns part of Lenskart, the eyewear company.
It sold another large group of Lenskart shares through a stock-market block deal.
The shares were worth about ₹2,888 crore in total.
Many large banks, pension funds and mutual funds bought them.
This was SoftBank’s second major sale after it sold shares worth ₹2,873 crore in June.
Lenskart’s share price has risen a lot since the company was listed.
The company also reported higher profits and revenue.
Lenskart said it would invest in businesses in Singapore, South Korea and China.
It separately reported a cyber incident involving a supplier connected to its Singapore group company.
SoftBank affiliate SVF II Lightbulb sold 4.5 crore Lenskart shares for ₹2,887.87 crore at ₹641.75 each.
The sale followed SoftBank’s June transaction involving 5.65 crore shares worth ₹2,873.3 crore.
Societe Generale was the largest reported buyer, joined by Goldman Sachs, Motilal Oswal Mutual Fund, Vanguard and other institutions.
Reports differ on SoftBank’s stake after the sales: one cites 9.79% after June, while another says the latest deals reduced it to 7.28%.
Lenskart shares have risen more than 69% from their ₹390 listing price as the company reported stronger profits and international investments.
- Who
- SoftBank Group, through its affiliate SVF II Lightbulb, sold the shares; Societe Generale, Goldman Sachs and other institutional investors bought them.
- What
- A block deal transferred 4.5 crore Lenskart shares for approximately ₹2,887.87 crore.
- Where
- The transaction was reported through BSE block-deal data involving Lenskart Solutions, based in Gurugram.
- When
- The latest sale occurred about two months after SoftBank’s June 2026 sale; the reports cite June 30 and, inconsistently, June 31, 2026, for the earlier stake position.
- Why
- SoftBank continued reducing its holding after Lenskart’s listing, while the company’s shares had risen substantially and its financial results had improved.
SoftBank’s Partial Exit
Lenskart’s Growth Story
Meaning of the transaction
SoftBank’s Partial Exit
SoftBank is continuing to reduce its Lenskart holding, following a second large sale after the company’s listing.
Lenskart’s Growth Story
The shares attracted substantial demand from domestic and international institutional investors, including Societe Generale and Goldman Sachs.
Share-price context
SoftBank’s Partial Exit
The latest shares were sold at ₹641.75 each, described as a discount to Lenskart’s previous closing price.
Lenskart’s Growth Story
Lenskart shares remained well above their ₹390 listing price after rising more than 69%, supported by reported improvements in profit and revenue.
Future direction
SoftBank’s Partial Exit
Other institutional backers, including KKR, ABG Capital, Alpha Wave, TR Capital and ADIA, have also reportedly reduced holdings since lock-in expiry.
Lenskart’s Growth Story
Lenskart reported stronger earnings and announced investments linked to expansion in Singapore, South Korea and China.
Key facts
- Latest shares sold
- 4.5 crore Lenskart shares, representing 2.58% of the company according to one report
- Latest deal value
- ₹2,887.87 crore
- Average sale price
- ₹641.75 per share, described as about a 3% discount to the previous closing price
- Earlier June sale
- 5.65 crore shares worth ₹2,873.3 crore
- Reported SoftBank stake
- Reports differ: 9.79% after the June sale in one account, and 7.28% after the latest block deals in another
- Share-price performance
- More than 69% above the ₹390 listing price and about 50% higher year to date, according to one report
- FY26 performance
- Net profit rose to ₹530 crore and revenue reached ₹9,002.3 crore
- Q1 FY27 performance
- Net profit was ₹228.4 crore and operating revenue was ₹2,714.2 crore
Sources
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