$LENSKART art block deal alert: SoftBank Vision Fund II Lightbulb sells 56.5 mn Lenskart shares

Technology investor SoftBank Group on Wednesday divested a 3.25 per cent stake in eyewear firm Lenskart Solutions for Rs 2,873 crore through an open market transaction, PTI reported. — ANI (@ANI) Softbank through its affiliate SVF II Lightbulb (Cayman) Ltd offloaded 5,65,00,000 shares representing a 3.25 per cent stake in Lenskart Solutions, according to the block deal data available on the National Stock Exchange (NSE). Shares of Lenskart Solutions slipped 1.58 per cent to close at Rs 515.90 apiece on the NSE. Last month, Lenskart reported a 7.5 per cent year-on-year decline in consolidated profit after tax (PAT) to Rs 203.6 crore in the March quarter due to a rise in expenses on components and inventories, PTI report stated.‹ The company had posted a PAT of Rs 220.1 crore in the same period a year ago, according to a regulatory filing.‹