Lenskart listed at a discount of 3% on the BSE, as against its IPO price of Rs 402 per share. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Softbank, one of the top investors in Lenskart, has defended the eyewear retailer's valuation post its tepid listing on Monday. The company's Dalal Street debut comes amid uncertainty in the global and domestic equity markets, said Sumer Juneja, Managing Partner and Head of EMEA & India at SoftBank Investment Advisers, while exclusively speaking to NDTV Profit.

Notably, Softbank has sold approximately 2.55 crore shares in Lenskart via the IPO, which has resulted in gains to the tune of Rs 1,005 crore, going by the issue price of Rs 402 per share.

The stake was offloaded via SVF II Lightbulb fund, the So

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