SoftBank Group, through its affiliate -- SVF II Lightbulb (Cayman), has divested 3.25% stake in Lenskart Solutions through an open market transaction worth around Rs 2873.31 crore. SVF II Lightbulb (Cayman) has sold 5,65,00,000 equity shares, representing 3.25% of total share holding of the company. The shares were disposed of at an average price of Rs 508.55 apiece. Post the stake sale, SoftBank Group’s holding in the company through SVF II Lightbulb (Cayman) has decreased to 9.88% from 13.13%.
Lenskart Solutions is a technology-driven eyewear company with integrated operations spanning designing, manufacturing, branding and retailing of eyewear products. It primarily sells prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories, under multiple brands and sub-brands.
