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SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 crore

  • Posted on August 24, 2026
  • By Business News Today
  • 1 Views
  • 1 min read
In brief

SoftBank Group has strategically reduced its investment in Indian eyewear e-commerce platform Lenskart, divesting a 2.6% equity stake valued at approximately Rs 2,888 crore. This partial exit decreased the Japanese conglomerate's ownership from 9.86% to 7.28%, while Abu Dhabi Investment Authority's Platinum Jasmine Trust maintains its position as the company's largest institutional shareholder. The block deal attracted significant participation from both domestic and international investors, reflecting continued confidence in Lenskart's market potential despite the moderation in stock prices following the transaction.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 crore
SoftBank pares nearly 2.6% stake in Lenskart for Rs 2,888 crore

SoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu Dhabi Investment Authority's Platinum Jasmine Trust remains Lenskart's largest public shareholder. Many institutional investors, both domestic and foreign, participated in the block deal. Lenskart Solutions shares closed slightly lower on the BSE after the transaction.
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Author
Business News Today

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