Key facts
- SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore Lenskart shares.
- The stake sale was valued at Rs 2,873 crore ($345 million).
- Goldman Sachs and other institutional investors were the buyers.
- The transaction was executed via a block deal.
- Analysts maintain a positive outlook on Lenskart's growth prospects.
SoftBank's affiliate, SVF II Lightbulb (Cayman), has divested its stake in the eyewear retailer Lenskart Solutions. The sale involved 5.65 crore shares, transacted at Rs 508.55 apiece, totaling Rs 2,873 crore (approximately $345 million). This significant block deal saw participation from Goldman Sachs and other global and domestic institutional investors. Despite the sale, analysts maintain a positive outlook on Lenskart's growth prospects, its technology-driven business model, and its international market expansion. Lenskart Solutions share price dipped 2% on Thursday following the news.