Investors Including Fidelity, Goldman Sachs and WhiteOak Capital Acquire Lenskart Shares Worth Rs 2,873 Crore
Investors Acquire Rs 2,873 Crore Worth of Lenskart Shares
On June 3, a series of block deals saw investors acquire Rs 2,873 crore worth of shares in eyewear company Lenskart Solutions from Softbank. The transaction involved the sale of 5.65 crore equity shares, representing a 3.25 percent stake in the company.
Lenskart Shares React to Transaction
Following the transaction, Lenskart shares may have reacted negatively, falling 1.54 percent to Rs 516.15 on the National Stock Exchange. This decline suggests that investors may have taken a cautious approach to the company's prospects in the wake of Softbank's sale.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Investors Participating in Block Deals
The largest buyer amongst investors was Goldman Sachs Bank Europe, which acquired 1.37 crore Lenskart shares for Rs 701.47 crore. This is closely followed by Societe Generale - ODI, which bought 1.37 crore shares for Rs 698.44 crore. Other notable buyers include International Monetary Fund, Fidelity Funds, Manulife Singapore, Wasatch Emerging Markets, WhiteOak Capital Mutual Fund, Quant Mutual Fund, North Rock SG VCC, Mirae Asset MF, Kotak Funds, ICICI Prudential MF, HDFC Life Insurance, Canara Robeco MF, Ashoka India Equity Investment Trust, and BNP Paribas Financial Markets.
Transaction Details
The transaction price was Rs 508.55 per share, indicating a significant sale by Softbank. As of March 2026, SVF II Lightbulb (Cayman), the investment vehicle owned by Softbank Group, held a 13.13 percent stake in Lenskart Solutions, making it the largest public shareholder in the company before the sale of 3.25 percent stake.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
| Investor | Number of Shares | Amount (in Crore) |
|---|---|---|
| Goldman Sachs Bank Europe | 1.37 crore | 701.47 |
| Societe Generale - ODI | 1.37 crore | 698.44 |
| International Monetary Fund | ||
| Fidelity Funds | ||
| Manulife Singapore | ||
| Wasatch Emerging Markets | ||
| WhiteOak Capital Mutual Fund | ||
| Quant Mutual Fund | ||
| North Rock SG VCC | ||
| Mirae Asset MF | ||
| Kotak Funds | ||
| ICICI Prudential MF | ||
| HDFC Life Insurance | ||
| Canara Robeco MF | ||
| Ashoka India Equity Investment Trust | ||
| BNP Paribas Financial Markets |
Note: The table above represents the investors participating in the block deals, but the exact number of shares and amount acquired by each investor is not specified in the original text.
Investor Takeaway
Investors should be cautious of potential market volatility following the acquisition of Lenskart shares.
More in Market
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.
