SoftBank offloaded a 3.25% stake in Lenskart via a ₹2,873 Cr block deal at ₹508.55/share, exiting a quarter of its holding after lock-in expiry. Goldman Sachs, Societe Generale, Fidelity, Kotak MF and IMF stepped in. Comes as Lenskart posts FY26 revenue of ₹8,814 Cr (+33%) and PAT of ₹500.9 Cr (+69%).

Inc42 · 6/4/2026, 11:44:13 AM

SVF II Lightbulb sold 5.65 crore Lenskart shares at Rs 508.55 apiece, with ICICI Pru, Kotak, Mirae and WhiteOak among buyers. Stock dipped 0.5% midday as the early backer pares its position post-listing and Indian institutions step up.

Financial Express · BrandWagon · 6/4/2026, 10:07:33 AM

At a PHD Chamber event in New Delhi, Kotak MF MD Nilesh Shah urged India to mobilise ~25,000 tonnes of idle household gold and ease compliance burdens, citing $510B in gold imports over 25 years. He flagged gold-loan financing as the fastest-growing retail segment at Rs 6 lakh crore — a tailwind for jewellers and lenders.

ET Retail · 5/27/2026, 12:54:53 PM

Kotak MF's Nilesh Shah maps a structural shift in Indian wallets: ₹1.45 lakh crore on foreign travel, a ₹20,800 crore live events industry, and Apple India adding ₹1.2 lakh crore revenue in five years. Offsetting the boom: ₹2.87 lakh crore retail trading losses (FY22-25) and ₹53,000 crore digital fraud losses over six years.

Business Today · Latest · 5/25/2026, 12:25:31 PM

Kotak MF report flags a structural consumption reset: Apple India eyeing ₹1.43 lakh crore in FY26, premium smartphones at 26% share (vs 20% in 2020), live events nearly doubling to 34,000 by 2025, and foreign travel up 5.6x in eight years — all powered by affluent urban incomes growing ~18% vs 6% for mass market.

Mint · Markets · 5/25/2026, 7:05:26 AM

Nilesh Shah flags a structural rewiring of Indian wallets: outbound travel (₹1.45L cr) tops entire building materials sector, Apple India added ₹1.2L cr in 5 years, and live events (₹20,800 cr) are eating into footwear and wardrobe budgets as experiences replace goods.

Business Today · Latest · 5/25/2026, 2:01:38 AM