SoftBank trims Lenskart with Rs 2,873 crore block; domestic MFs absorb 3.25% stake
SVF II Lightbulb sold 5.65 crore Lenskart shares at Rs 508.55 apiece, with ICICI Pru, Kotak, Mirae and WhiteOak among buyers. Stock dipped 0.5% midday as the early backer pares its position post-listing and Indian institutions step up.
What happened
SoftBank's SVF II Lightbulb sold a 3.25% stake (5.65 crore shares) in Lenskart via block deal at Rs 508.55/share for ~Rs 2,873 crore; ICICI Pru, Kotak, Mirae
Key facts
- 5.65 crore shares
- 3.25% stake
- Rs 508.55 per share
- Rs 2,873 crore
Why this matters
With ICICI Pru, Kotak, Mirae and WhiteOak now anchored on the cap table, future strategic moves need domestic MF buy-in alongside the fading SoftBank voice.