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SoftBank and Y Combinator Sell Stakes in Indian Startups

SoftBank has pared down its stake in Lenskart for Rs 2,800 crore, while Y Combinator sold Meesho shares worth Rs 970 crore in block deals. These transactions saw major institutional investors like Morgan Stanley, Goldman Sachs, and Citigroup among the buyers.

24 Aug, 15:53 — 24 Aug, 15:53
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economic-times9h ago

SoftBank pares 2.6% Lenskart stake for Rs 2,800 crore

SoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu Dhabi Investment Authority's Platinum Jasmine Trust remains Lenskart's largest public shareholder. Many institutional investors, both domestic and foreign, participated in the block deal. Lenskart Solutions shares closed slightly lower on the BSE after the transaction.

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First report: moneycontrol · 24 Aug, 15:23Full coverage: 2 · 30mWindow: 30m
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moneycontrol24 Aug, 15:23First to report

SoftBank sells Rs 2,888 crore worth shares in Lenskart; Societe Generale, Goldman Sachs, Motilal Oswal... - Moneycontrol.com

economic-times24 Aug, 15:53Latest update

SoftBank pares 2.6% Lenskart stake for Rs 2,800 crore

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