SoftBank books 7x return on Lenskart, exits Rs 2,873 cr stake pre-IPO
SoftBank sold 3.25% in Lenskart via block deal at Rs 508.55/share, harvesting Rs 2,873 crore against $250-280 million invested. Goldman Sachs, Fidelity, Quant MF and WhiteOak picked up the paper. Residual 9.88% stake still worth ~$940 million ahead of the eyewear retailer's IPO.
SoftBank sold 3.25% in Lenskart via block deal for Rs 2,873 crore at Rs 508.55/share, clocking 7x returns. Stake drops to 9.88%; buyers include Goldman Sachs, Fidelity, Quant MF, WhiteOak.