Technology investor SoftBank Group has sold a 3.25% stake in Lenskart Solutions for ₹2,873 crore through an open market transaction.
The transaction was executed by SoftBank's affiliate, SVF II Lightbulb (Cayman) Ltd, through a block deal on the National Stock Exchange (NSE).
According to exchange data, SVF II Lightbulb (Cayman) Ltd sold 5.65 crore shares, representing a 3.25% stake in Lenskart Solutions.
The shares were sold at an average price of ₹508.55 per share, taking the total transaction value to approximately ₹2,873.30 crore.
Following the stake sale, SoftBank's shareholding in Lenskart declined to 9.88% from 13.13%.
The block deal saw participation from a broad mix of domestic and foreign institutional investors.
Buyers 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, and Dendana Investments (Mauritius) Ltd.
The participation of several institutional investors indicates continued interest in Lenskart despite SoftBank reducing its stake in the company.
Lenskart Solutions recently reported its financial results for the March 2026 quarter. The company posted a consolidated profit after tax (PAT) of ₹203.6 crore, down 7.5% year-on-year from ₹220.1 crore reported in the corresponding quarter of the previous year. The decline was primarily attributed to higher expenses related to components and inventories.
Despite the fall in profit, revenue from operations grew strongly by 45.62% year-on-year to around ₹2,516 crore, compared with ₹1,728 crore in the year-ago period.
On June 3, 2026, Lenskart share price ended the session lower following the transaction. The stock closed at ₹516.30 per share on the BSE, down 1.09% from the previous close.
As of June 4, 2026, at 1:15 PM, Lenskart share price was trading at around ₹514.95 per share on the BSE, remaining largely flat during the session.
SoftBank has reduced its stake in Lenskart by selling a 3.25% holding through a ₹2,873 crore block deal. The transaction lowered its ownership to 9.88%, while attracting participation from several domestic and foreign institutional investors.
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Published on: Jun 4, 2026, 1:41 PM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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