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The Economic Times
The Economic Times
Nikhil Patwardhan

SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x return

SoftBank Lenskart ET India Fidelity Goldman Sachs Quant Mutual Fund Groww Blinkit Meesho

SoftBank has clocked about 7x returns from a partial stake sale in Lenskart, making the eyewear retailer one of the Japanese investor’s strongest shows in India at a time when its listed portfolio in the country has otherwise been a mixed bag.

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s stake has now fallen to 9.88%.

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