# SoftBank sells 2.6% Lenskart stake for Rs 2,888 crore

2026-08-24T16:44:20+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

SoftBank Group has sold a 2.6% stake in Lenskart Solutions for Rs 2,888 crore through a block deal on Monday. The Japanese investor, through its affiliate SVF II Lightbulb (Cayman) Ltd, offloaded 4.5 crore shares at an average price of Rs 641.75 apiece, a 3% discount to the previous close. This is SoftBank's second major partial exit after Lenskart's listing, following a Rs 2,873 crore sale in June. The latest deal reduces SoftBank's holding to 7.28% from 9.86%. Inc42 reports that Societe Generale was the largest buyer, picking up 1.1 crore shares, while Goldman Sachs, Motilal Oswal Mutual Fund, and HSBC Mutual Fund were also among buyers. The Economic Times adds that domestic buyers included NPS Trust and funds managed by SBI, Edelweiss, Nippon India, and ICICI Prudential. Lenskart shares closed 0.28% lower at Rs 659.70 on the BSE. The stock has surged over 69% from its November listing price of Rs 390, helped by the company's maiden full-year profitability in FY25 and a more than doubling of net profit to Rs 530 crore in FY26.

## Indian Opinion Analysis

Both Inc42 and The Economic Times report the block deal in a straight, factual manner, with no discernible slant. Inc42 frames the news as part of Lenskart's bullish trajectory, noting a 69% stock surge since listing and a cyber incident at a sub-vendor, while The Economic Times focuses on the institutional buyer list and SoftBank's reduced holding. The uniform neutral coverage reflects the purely transactional nature of the story: a large investor taking profits after a strong stock run. The key number to watch is SoftBank's remaining 7.28% stake and whether it continues to pare in future blocks.

## Coverage

Coverage: 2 sources, 2 neutral
- inc42.com (neutral report) <https://inc42.com/buzz/softbank-sells-%E2%82%B92900-cr-stake-in-lenskart-via-block-deals/>
  Straight reporting of deal details, buyer list, and stock performance
- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/markets/stocks/news/softbank-pares-nearly-2-6-stake-in-lenskart-for-rs-2888-crore/articleshow/133472713.cms>
  Factual block deal report with institutional buyer names and holding changes

This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources. Last updated 2026-08-24T18:32:09+00:00.

Tags: Goldman Sachs, Lenskart, Motilal Oswal Mutual Fund, SEBI, Societe Generale, SoftBank
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How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/