SoftBank sells 3.25% Lenskart stake for ₹2,873 cr deal

The block deal that moved Lenskart shares

SoftBank Group has pared its exposure to Lenskart Solutions through a large secondary-market block deal on the National Stock Exchange (NSE). Exchange data showed SoftBank’s affiliate SVF II Lightbulb (Cayman) Ltd sold a meaningful slice of its holding, prompting a mild decline in the stock on the day. The transaction stood out for its size, the diversity of buyers, and the immediate change in SoftBank’s ownership level.

The sale involved institutional investors on both the domestic and foreign side, signalling strong appetite for the eyewear company’s traded equity even as a large supply hit the market in one window. After the deal, Lenskart shares ended lower, reflecting typical near-term pressure seen when a large shareholder exits part of its stake.

What SoftBank sold: size, price, and value

According to NSE block deal data, SVF II Lightbulb (Cayman) Ltd offloaded 5,65,00,000 shares in Lenskart Solutions. This represents a 3.25% stake in the company. The shares were sold at an average price of ₹508.55 per share.

At that price, the total deal value came to ₹2,873.30 crore. Reports described the transaction as an open market sale executed through block deals, which are typically used for large, negotiated trades between institutions without disrupting the regular order book.

How SoftBank’s holding changed

The stake sale reduced SoftBank’s holding in Lenskart through its arm to 9.88%, from 13.13% earlier. Another data point cited in the reporting noted that as of March 2026, SVF II Lightbulb (Cayman) held 13.13% in Lenskart and was the largest public shareholder before this sale.

The change in ownership is straightforward: selling 3.25% from 13.13% brings the position to 9.88%. For investors tracking promoter and institutional shareholding, the transaction provides a clear, disclosed update on SoftBank’s reduced stake.

Who bought the shares

A wide set of institutional investors participated as buyers. The names disclosed in the reports included:

• WhiteOak Capital Mutual Fund
• Mirae Asset Mutual Fund
• Kotak Mutual Fund
• Canara Robeco Mutual Fund
• ICICI Prudential Mutual Fund
• HDFC Life Insurance Company
• ICICI Prudential Life Insurance
• Societe Generale
• Metzler Asset Management
• Goldman Sachs
• Fidelity
• Copthall Mauritius Investment
• International Monetary Fund
• Dendana Investments (Mauritius) Ltd

Separately, another list of participants in the same transaction included entities such as BNP Paribas Financial Markets, Manulife Singapore, Wasatch Emerging Markets, Quant Mutual Fund, and others.

Biggest disclosed buying lines

Some buying lines were also quantified in the reporting. Goldman Sachs Bank Europe was cited as the largest buyer, acquiring 1.37 crore shares for ₹701.47 crore. This was followed by Societe Generale - ODI, which bought 1.37 crore shares for ₹698.44 crore.

These details help explain how a large sell order was absorbed: a few large allocations, plus multiple other institutions taking smaller lines, can clear a block of this size efficiently.

Market reaction: Lenskart stock ends lower

Following the stake sale, Lenskart Solutions shares slipped 1.58% to close at ₹515.90 on the NSE, as cited in the report. The block deal price of ₹508.55 was below the day’s closing levels, implying the seller accepted a modest discount to execute size in one go.

A small decline after a block deal is not unusual. The key takeaway for market participants is that the transaction was completed at scale, with multiple institutions stepping in, while price action remained relatively contained.

Key facts at a glance

Why this matters for investors

For Lenskart shareholders, the deal is primarily a supply event: a large early investor reduced exposure, and the market had to absorb millions of shares at once. The breadth of buyers suggests institutional interest remained strong enough to take the other side, including domestic mutual funds, global banks, and overseas investors.

For SoftBank, the disclosure confirms another step-down in ownership. Such transactions are often watched for signals around portfolio management, liquidity events, or a shift in risk appetite, but the reported data here is limited to the factual execution details and the resulting change in shareholding.

Context: more block deals after the IPO

One report noted that the June 3, 2026 trade was the second large block deal in Lenskart Solutions since its November 2025 IPO, and followed a larger ₹5,313.58 crore block deal on May 8, 2026, linked to the expiry of a 6-month IPO lock-in period. That context helps explain why sizeable secondary transactions may be appearing in the counter.

What to watch next

Investors will likely track subsequent shareholding disclosures to see whether additional selling emerges from early financial investors, and how the shareholder mix evolves after these block trades. Market participants may also watch how the stock trades relative to the block deal price levels near ₹508.55 and the post-deal close near ₹515.90.

For now, the confirmed facts are clear: SoftBank sold 3.25% in a single window, institutional buyers absorbed the supply, and the stock finished modestly lower on the NSE.