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

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

SoftBank pares nearly 2.6 per cent 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.

Technology investor SoftBank Group has once again trimmed its holding in Lenskart Solutions , selling nearly a 2.6 per cent stake in the eyewear retailer for Rs 2,888 crore through open market transactions on Monday. In June, SoftBank sold a 3.25 per cent stake in Lenskart for Rs 2,873 crore. In the latest transaction, Japan-based SoftBank Group, through its affiliate SVF II Lightbulb (Cayman) Ltd, offloaded a total of 4.5 crore equity shares in 22 tranches, amounting to a 2.58 per cent stake in Gurugram-based Lenskart , as per the block deal data on the BSE. The shares were sold at an average price of Rs 641.75 apiece, taking the combined deal size to Rs 2,887.87 crore. Advt

86 per cent, although it remains the second-largest public shareholder in the eyewear firm. 77 per cent stake. The block deal saw participation from a wide range of institutional investors . Domestic buyers included National Pension System Trust and mutual funds managed by SBI , Edelweiss , Nippon India, Franklin Templeton, HDFC, HSBC, ICICI Prudential , Motilal Oswal and Sundaram .



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