A 3.25% shareholding in Lenskart Solutions has been divested by SoftBank through a block transaction, according to figures released by the National Stock Exchange on that day of the week.
Japanese conglomerate SoftBank has divested a 3.25% holding in Lenskart Solutions through a large-scale transaction on the National Stock Exchange, as reported on Wednesday's market activity.
Related ↗British companies halt recruitment amid Iran conflict impact, REC research indicates.SVF II Lightbulb, a SoftBank affiliate in Cayman, sold 56.5 million shares of Lenskart stock for 508.55 rupees apiece, totaling 28.73 billion rupees or $300.2 million in value.
A nearly 3% discount was applied to the sale of Lenskart shares on Tuesday's closing price.
Read next ↗Tate & Lyle accepts a £2.7 billion all-cash acquisition from Ingredion.Investors such as Fidelity, the Los Angeles City Employees' Retirement System, and ICICI Prudential's mutual funds participated in the acquisition.
As of March-end, records indicate SoftBank retained a 13.13% shareholding in Lenskart.
Lenskart's financials for the March quarter reveal a significant downturn in net profit, declining by nearly 9%, despite a substantial increase in revenue to 25.16 billion rupees.
The exchange rate is set at 95.7050 Indian rupees per dollar.
