SoftBank Group has sold approximately 2.58% of Lenskart Solutions for ₹2,887.87 crore through a large block transaction, continuing its phased reduction of holdings in the listed omnichannel eyewear company.
SoftBank’s SVF II Lightbulb (Cayman) vehicle sold 4.5 crore shares at an average price of ₹641.75 each. The sale reduces SoftBank’s holding from 9.86% at the end of the June quarter to approximately 7.28%. It remains Lenskart’s second-largest public shareholder behind an investment vehicle associated with the Abu Dhabi Investment Authority, which held 9.77%.
The latest transaction is SoftBank’s second major block sale since the six-month lock-in period for Lenskart’s pre-IPO shareholders expired in May. In June, it sold a 3.25% stake for ₹2,873 crore at ₹508.55 per share. SoftBank had also sold approximately ₹1,026 crore of shares through Lenskart’s November 2025 initial public offering. Its aggregate realised return on the investment has been estimated at about 5.7 times.
The latest block was distributed across a broad group of domestic and international institutional investors. Societe Generale acquired approximately 1.07 crore shares, representing about 0.62% of Lenskart, for ₹688.91 crore. Other disclosed buyers included the National Pension System Trust and funds managed by SBI, HDFC, ICICI Prudential, Nippon India, Franklin Templeton, Edelweiss, HSBC, Motilal Oswal and Sundaram.
International buyers included Goldman Sachs, Morgan Stanley, BNP Paribas Financial Markets, Vanguard, Ghisallo Capital Management, Wasatch Global Investors and the Kuwait Investment Authority. The participation of multiple institutions allowed SoftBank to execute a sizeable secondary exit without transferring the entire block to a single strategic buyer.
Lenskart shares closed at ₹659.70 following the transaction, slightly above the block price. The company operates a vertically integrated eyewear platform spanning digital commerce, physical retail, manufacturing and supply-chain technology. Its public listing has created a liquid exit channel for early institutional investors while introducing a wider base of domestic pension, insurance and mutual-fund capital.
The sale does not represent a complete SoftBank exit. With approximately 7.28% remaining, the Japanese technology investor continues to hold one of the largest non-promoter stakes in Lenskart. The transaction instead advances a staged monetisation strategy following the IPO and the expiry of shareholder lock-ins.
