SoftBank Cashes Out Another ₹2,888 Crore from Lenskart
What Happened
SoftBank Group sold nearly 2.6% stake in eyewear retailer Lenskart for about ₹2,888 crore through open market transactions. The Japanese investor offloaded 4.5 crore shares at an average price of ₹641.75 per share, reducing its holding in the company to 7.28% from 9.86%.
Key Takeaways
The transaction underscores strong investor appetite for quality new-age consumer brands even as early backers monetise part of their holdings.