SoftBank trims Lenskart stake in Rs 2,873cr block; Goldman, Fidelity, MFs step in
SVF II Lightbulb offloaded 5.65 crore shares at Rs 508.55, sending Lenskart down 2% to Rs 505. Goldman, Fidelity, ICICI Pru, Kotak, Mirae and Quant absorbed the block. Elara initiated Buy at Rs 615, citing FY26 revenue of Rs 9,002cr (+32%) and adj PAT of Rs 530cr (+148%).
SoftBank affiliate SVF II Lightbulb sold Rs 2,873 crore stake in Lenskart at Rs 508.55/share, triggering 2% drop. Goldman, Fidelity, ICICI Pru, Kotak, Mirae and others bought in. Elara initiated Buy with Rs 615 target, citing strong store economics.