Global investment firm SoftBank has sold 4.5 crore shares of Lenskart, India’s leading eyewear retailer, generating proceeds of ₹2,887.9 crore in a block deal at a slight discount to the market price. This follows an earlier June stake sale, marking SoftBank’s ongoing stake reduction since Lenskart’s stock debut.
- SoftBank sold 4.5 crore Lenskart shares worth ₹2,887.9 crore
- Stock has surged 69% since debut, with strong Q1 FY27 financials
- International expansion continues amid a recent cyber incident
What happened
SoftBank offloaded 4.5 crore shares in Lenskart through a block deal at an average price of ₹641.75 per share, generating proceeds of approximately ₹2,887.9 crore. This transaction is a continuation of SoftBank’s partial exit in Lenskart since the company’s IPO, following an earlier sale in June that raised ₹2,873 crore from 5.65 crore shares. Despite these sales, SoftBank remains a substantial stakeholder with close to 9.79% equity ownership as of end June 2026.
The major buyers in this recent block sale included institutional investors like Societe Generale, which acquired 1.1 crore shares, Goldman Sachs, Motilal Oswal Mutual Fund, HSBC Mutual Fund, and investment firms associated with Vanguard. Other global financial players such as BNP Paribas, Morgan Stanley, and Kuwait Investment Authority also purchased shares, underscoring strong institutional demand for Lenskart stock.
Why it matters
This stake sale comes amid a marked bullish trend in Lenskart’s stock price, which has appreciated over 69% from its ₹390 listing price and is up approximately 50% year-to-date. The positive momentum is driven by the company’s strong financial performance, including its first full-year profitability in FY25 and a more than doubling of net profit to ₹530 crore in FY26. Recent quarterly results showed revenue growth and a tripling of net profit year-on-year, highlighting its operational strength.
The robust financials have encouraged several institutional investors to reduce or adjust their holdings since the expiry of post-listing lock-in restrictions in May. Additionally, Lenskart’s ongoing investments in international markets, including Singapore, South Korea, and China, position it for growth beyond India, showcasing its ambition to become a global eyewear player despite facing cybersecurity challenges in a Singapore group subsidiary.
What to watch next
Market watchers should track SoftBank’s further stake reduction in Lenskart and how it manages its residual holding, as continued selling could affect share price dynamics. Also, observing how institutional investors allocate capital in upcoming deal windows will provide insight into confidence levels around Lenskart’s growth trajectory. The company’s post-IPO stock performance will remain under close scrutiny by analysts given the strong investor appetite so far.
From an operational perspective, upcoming quarterly results and progress on international expansions will be critical. Investors will want to see how Lenskart scales its global business lines and addresses any residual cybersecurity risks stemming from recent incidents. These factors will significantly influence investor sentiment and Lenskart’s valuation in a competitive eyewear and retail market.