SoftBank Group pares nearly 2.6% stake in Lenskart for ₹2,888 crore
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.
The latest transaction brought SoftBank's holding in Lenskart down to 7.28 per cent from 9.86 per cent, although it remains the second-largest public shareholder in the eyewear firm.
Platinum Jasmine A 2018 Trust, an arm of Abu Dhabi Investment Authority, continues to be the largest public shareholder of Lenskart wi
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