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SoftBank sells 1.56% Lenskart stake for ₹1,896 crore, Goldman biggest buyer

Reported by: Business Standard ·

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Lenskart Solutions

Summary

Business Standard reported that SoftBank sold a 1.56% stake in Lenskart for ₹1,896 crore. The sale was made through SoftBank's affiliate SVF II Lightbulb (Cayman) Ltd, which offloaded 2.72 crore shares in 10 tranches at an average price of ₹697.15 apiece on Friday. Goldman was the biggest buyer, the outlet reported. A stake is a slice of ownership in a company; 1.56% means SoftBank sold that share of Lenskart's total shares. Crore is 10 million, so ₹1,896 crore is the total value of the shares sold. The average price is the total sale value divided by the number of shares. Tranches are separate batches of the same sale. The report does not say what SoftBank's stake is after the sale.

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Business Standard  · · Tone 0

SoftBank sells 1.56% Lenskart stake for ₹1,896 crore, Goldman biggest buyer

SoftBank, through its affiliate SVF II Lightbulb (Cayman) Ltd, offloaded 2.72 crore shares in 10 tranches at an average price of ₹697.15 apiece on Friday

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