Lenskart block deal: SVF II Lightbulb sells 1.6% stake worth Rs 1,896 crore; Societe Generale, Goldman Sachs, BNP Paribas among buyers

SVF II Lightbulb (Cayman) Limited, an investor in Lenskart Solutions, offloaded 2.72 crore shares of the eyewear retailer through block deals on the BSE on Friday, November 6, for a total consideration of approximately Rs 1,896.25 crore. Societe Generale, Goldman Sachs, BNP Paribas and Kotak Mahindra Mutual Fund were among the buyers.

The shares were sold at Rs 697.15 apiece, according to BSE block deal data. The transaction represents approximately 1.56% of Lenskart's equity capital.

According to the company's shareholding disclosure, SVF II Lightbulb (Cayman) Limited held 12.64 crore shares, representing a 7.27% stake in Lenskart, as of September 30, 2026.


Among the buyers, Societe Generale ODI acquired 89.44 lakh shares while Goldman Sachs Bank Europe purchased 47.44 lakh shares. Kotak Mahindra Mutual Fund bought 47.43 lakh shares, and Goldman Sachs Investments Mauritius acquired another 44.40 lakh shares.

Other buyers included BNP Paribas Financial Markets, which acquired 8.13 lakh shares, HDFC Standard Life Insurance Company, UTI Mutual Fund, Norges Bank, Florida Retirement System, Texas Municipal Retirement System and several William Blair-managed funds.

All the disclosed buy-side transactions were executed at Rs 697.15 per share, the same price as the sell-side transactions. This represents a discount of around 3.8% to Lenskart's Friday closing price of Rs 724.70 apiece on the BSE.

The stock has rallied around 65% so far in 2026, according to NSE data. Lenskart had a market capitalization of approximately Rs 1,26,047 crore on the BSE.

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Lenskart Q2 results

The block deal comes two days after Lenskart reported a strong set of financial results for the September quarter (Q2FY27).

On November 4, the eyewear solutions provider reported a 122.1% year-on-year jump in consolidated net profit to Rs 227.08 crore, compared with Rs 102.22 crore in the corresponding quarter last year.

Revenue from operations increased 35.7% year-on-year to Rs 2,845.03 crore in Q2FY27, against Rs 2,096.14 crore in Q2FY26.

Total expenses rose 31.1% year-on-year to Rs 2,596.80 crore, compared with Rs 1,980.34 crore in the year-ago quarter.

The India business continued to be a key contributor to growth, with revenue from operations rising 35.3% year-on-year to Rs 1,668 crore, from Rs 1,233 crore in Q2FY26.

Product margin increased 36.6% year-on-year to Rs 1,068 crore, compared with Rs 782 crore in the corresponding quarter last year. Product margin as a percentage of revenue improved to 64% from 63.4% a year ago.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here