SoftBank trims Lenskart stake in Rs 2,873cr block; Goldman, Fidelity, MFs step in
SVF II Lightbulb offloaded 5.65 crore shares at Rs 508.55, sending Lenskart down 2% to Rs 505. Goldman, Fidelity, ICICI Pru, Kotak, Mirae and Quant absorbed the block. Elara initiated Buy at Rs 615, citing FY26 revenue of Rs 9,002cr (+32%) and adj PAT of Rs 530cr (+148%).
What happened
SoftBank affiliate SVF II Lightbulb sold Rs 2,873 crore stake in Lenskart at Rs 508.55/share, triggering 2% drop. Goldman, Fidelity, ICICI Pru, Kotak, Mirae and
Key facts
- Rs 2,873 crore deal
- 5.65 crore shares at Rs 508.55
- shares fell 2% to Rs 505
- target Rs 615
- Q4 revenue Rs 2,516 cr (+46% YoY)
- Q4 PAT Rs 200 cr (-9% YoY)
- FY26 revenue Rs 9,002 cr (+32%)
- FY26 EBITDA Rs 1,789 cr (+55.3%)
- FY26 adj PAT Rs 530 cr (+148%)
Why this matters
SoftBank's partial exit at Rs 508.55 sets a fresh public-market reference for eyewear M&A and signals capacity for further secondary blocks if consolidation opportunities emerge.