Current Affairs - Business - Discussion

SoftBank sold a 3.25% stake in Lenskart through block deals valued at ₹2,873.3 crore. The transaction was carried out by SVF II Lightbulb (Cayman), an affiliate of SoftBank, involving the sale of 5.65 crore shares at ₹508.55 per share. Following the sale, SoftBank's ownership in Lenskart decreased from 13.13% to 9.88%. The deal generated an impressive seven-fold return on SoftBank's original investment made in 2021. Major institutional investors, including Goldman Sachs Bank Europe and Societe Generale-ODI, participated in the purchase, reflecting strong confidence in Lenskart's growth prospects and business performance.