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SoftBank, Y Combinator set up discounted block deals in Lenskart and Meesho

Meesho and Lenskart shares may see major block deals, with SoftBank planning a $300 million Lenskart stake sale and Y Combinator potentially selling $100 million of Meesho stock. Both deals are priced at roughly 4% discounts to recent closes.

Newer report , , The Hindu BusinessLine : Broker raises Meesho target to ₹260 as growth and logistics outlook improve

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Reported figures

From the report. Source details below

SoftBank SVF II Lightbulb plans to sell 2.6% of Lenskart, or 4.5 crore shares, for about $300 million
Lenskart floor price: Rs 635 per share, about 4% below Friday's BSE close
Y Combinator may sell $100 million of Meesho shares, or 4.85 crore shares representing 1.05%
Meesho floor price: Rs 197.50 per share, 4% below previous close
Meesho 12-month Bloomberg consensus target: Rs 205.77
Lenskart 12-month Bloomberg consensus target: Rs 672.24

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