SoftBank trims Lenskart stake to 9.88%, raises ₹2,873 cr in block deal
SoftBank offloaded 5.65 crore Lenskart shares at ₹508.55 apiece, cutting its holding from 13.13% to 9.88%. Domestic MFs (WhiteOak, Mirae, Kotak, ICICI Pru), HDFC Life, Goldman Sachs and Fidelity stepped in. Stock slipped 1.58% to ₹515.90 as Q4 revenue rose 45.6% but PAT dipped 7.5% YoY.
What happened
SoftBank sold a 3.25% stake in Lenskart for Rs 2,873 crore via block deal, cutting holding to 9.88%. Domestic MFs, insurers and global funds bought in. Stock
Key facts
- 3.25% stake
- Rs 2,873 crore
- 5.65 crore shares
- Rs 508.55/share
- holding 9.88% from 13.13%
- Q4 PAT Rs 203.6 cr (-7.5% YoY)
- Q4 revenue Rs 2,516 cr (+45.6%)
Why this matters
The block deal's strong institutional uptake at near-market prices reaffirms Lenskart's strategic optionality and strengthens its currency for potential bolt-on eyewear acquisitions or international expansion plays.