SoftBank Monetises Lenskart Investment, Sells Stake Worth ₹2,873 Crore

Eyewear retailer Lenskart Solutions witnessed a significant shareholder transaction on Wednesday as technology investor SoftBank pared its stake in the company through a ₹2,873 crore block deal on the National Stock Exchange (NSE).

SoftBank, through its affiliate SVF II Lightbulb (Cayman) Ltd, sold 5.65 crore shares, representing a 3.25% stake in Lenskart, at an average price of ₹508.55 per share. The transaction reduced SoftBank’s holding in the company to 9.88% from 13.13%.

The stake sale attracted strong interest from a diverse pool of domestic and global institutional investors. Participants in the transaction included WhiteOak Capital Mutual Fund, Mirae Asset Mutual Fund, Kotak Mutual Fund, Canara Robeco Mutual Fund, ICICI Prudential Mutual Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance, Societe Generale, Metzler Asset Management, Goldman Sachs, Fidelity, Copthall Mauritius Investment, International Monetary Fund, and Dendana Investments (Mauritius) Ltd.

Following the transaction, shares of Lenskart Solutions declined 1.58% to close at ₹515.90 on the NSE.

The block deal comes at a time when Lenskart continues to report robust top-line growth. In the quarter ended March 2026, the company posted a 45.6% year-on-year increase in revenue from operations to approximately ₹2,516 crore, compared with ₹1,728 crore in the corresponding period last year. However, consolidated profit after tax fell 7.5% to ₹203.6 crore, impacted by higher expenditure on components and inventories. The company had reported a profit of ₹220.1 crore in the year-ago quarter.