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The Economic Times
The Economic Times
Akash Podishetti

SoftBank sells Rs 2,873 crore worth of Lenskart shares in block deal to Goldman Sachs and other investors

Lenskart SoftBank Goldman Sachs Lenskart Solutions

SoftBank has pared its stake in eyewear retailer Lenskart Solutions through a block deal worth about Rs 2,873 crore. According to exchange data, SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares of Lenskart at Rs 508.55 per share, taking the total transaction value to about Rs 2,873 crore.

The stake sale attracted a broad mix of global and domestic institutional investors, including funds managed by Goldman Sachs, Fidelity, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Mirae Asset Mutual Fund, Quant Mutual Fund, HDFC Life Insurance, ICICI Prudential Life Insurance and several overseas pension and investment funds.

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