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

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.