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Lenskart shares fall 2% on Softbank's Rs 2,873-crore stake sale; draws Goldman, Fidelity, others

SoftBank Group is reported to be divesting a substantial stake in Indian eyewear retailer Lenskart, with the deal size pegged at Rs 2,873 crore. The stake sale has coincided with a roughly 2% decline in Lenskart’s share price, reflecting immediate market sensitivity to ownership changes in high-growth consumer platforms. Goldman Sachs, Fidelity, and other investors are drawn to participate, suggesting enduring international interest in India’s rapidly expanding consumer tech ecosystem even as a major holder trims exposure. Operational plans and leadership appear unchanged in the immediate aftermath, but the transaction may influence future funding dynamics, governance considerations, and potential liquidity for promoters and early backers. Investors will be watching final pricing, allocation, and any ensuing disclosures to gauge the longer-term implications for valuation, capitalization strategy, and strategic priorities within India’s direct-to-consumer retail space.