SoftBank trims Lenskart stake by 3.25% in Rs 2,873 Cr block deal
SoftBank offloaded 5.65 crore Lenskart shares at Rs 508.55 apiece, cutting its holding to 9.88% from 13.13%. WhiteOak, Mirae, Kotak, Goldman Sachs and Fidelity stepped in as buyers, even as Lenskart's PAT slipped 7.5% YoY to Rs 203.6 Cr on revenue of Rs 2,516 Cr (+45.6%).
What happened
SoftBank sold a 3.25% stake in Lenskart for Rs 2,873 crore via open market block deal at Rs 508.55/share, cutting its holding to 9.88%. Buyers included
Key facts
- 3.25% stake
- Rs 2,873 crore
- 5,65,00,000 shares
- Rs 508.55 per share
- holding dropped to 9.88% from 13.13%
- PAT Rs 203.6 cr (-7.5% YoY)
- Revenue Rs 2,516 cr (+45.62%)
Why this matters
The block deal repricing offers a fresh public-market benchmark for Lenskart's eyewear platform value, useful for triangulating any bolt-on optical chain or D2C acquisition multiples in the region.
Also reported by
- YourStory · Capital — Same time