SoftBank sells 2.58% Lenskart stake for ₹2,888 crore in block deals

SoftBank has reduced its Lenskart holding to 7.28% from 9.86% after selling 4.5 crore shares. Goldman Sachs, Societe Generale, Motilal Oswal Mutual Fund and Vanguard were among the institutional buyers.

— Source publishedTue, 25 Aug, 2026, 15:16 IST·First seen Tue, 25 Aug, 2026, 15:22 IST·Source Mint

What happened

SoftBank sold a 2.58% stake in Indian eyewear retailer Lenskart for ₹2,887.87 crore through block deals, reducing its holding to 7.28%. Goldman Sachs, Societe

Key facts

  • SoftBank sold 4.5 crore Lenskart equity shares in 22 tranches
  • Stake sold: 2.58%
  • Transaction value: ₹2,887.87 crore
  • Average sale price: ₹641.75 per share
  • SoftBank sold a 3.25% stake for ₹2,873 crore in June
  • SoftBank holding reduced to 7.28% from 9.86%
  • Societe Generale acquired 1,07,35,000 shares (0.62%)
  • Goldman Sachs bought 84.31 lakh shares for ₹541.06 crore
  • Motilal Oswal Mutual Fund bought 47.71 lakh shares for ₹306.17 crore
  • Vanguard bought 37.28 lakh shares for ₹239.2 crore

Why this matters

The secondary sale expands Lenskart’s institutional ownership and trading liquidity, potentially strengthening its capital-markets positioning while SoftBank continues to monetize its remaining stake.

What to watch

  • Any further SoftBank stake-sale disclosure, especially sale price and discount or premium to recent private-market valuation.
  • Lenskart IPO filing, board changes, appointment of public-company advisers or expanded financial disclosures.
  • Quarterly revenue growth, EBITDA or cash-flow trajectory, and evidence that store expansion is becoming more capital efficient.
  • Institutional ownership additions by domestic mutual funds, sovereign funds, pension investors or large global asset managers.
  • Competitive intensity and pricing actions from Titan Eye+, Specsmakers, private optical chains and online-first eyewear rivals.
  • Changes in consumer discretionary demand that could affect premium eyewear conversion and average order values.
  • Lenskart is likely to increase investor-engagement, governance and financial-reporting readiness ahead of a potential public-market event.
  • SoftBank may seek additional block-deal windows rather than pursue a single large exit, targeting domestic mutual funds and global long-only institutions.
  • Management may use the broadened institutional base to support expansion spending in stores, supply chain, lens manufacturing and overseas markets while emphasizing margin discipline.
  • Other early financial investors could evaluate partial exits if the block-deal valuation establishes an attractive benchmark.

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