India, June 3 -- Lenskart's early backer SoftBank has sold 5.65 Cr shares in a block deal worth Rs.2,873.3 Cr.

As per NSE data, the firm, via its SoftBank Vision Fund (SVF) II Lightbulb (Cayman) Ltd, sold the shares at Rs.508.55 apiece to rake in the amount. This is 1.5% less than the stock's closing price of Rs.516.3 today.

Of the shares that flooded the market, Societe Generale picked up shares worth Rs.698.44 Cr.

With this, the investor, which first backed Lenskart in 2019, has offloaded a significant chunk of its holding in the company. At the end of March, the SoftBank holding entity owned 22.79 Cr shares in the company. With the deal, it has officially 25% of its total holding, when compared with the March quarter.

SoftBank firs...