SBI Mutual Fund buys Rs 100-crore worth Lenskart stake at $7.7 billion valuation

SBI Mutual Fund has picked up a stake in IPO-bound eyewear retailer Lenskart for Rs 100 crore, according to a new disclosure by the Gurugram-based company.

SBI Mutual Fund has bought the stake from Lenskart cofounder and promoter Neha Bansal, as per the disclosure. The transaction was done at a price of Rs 402 per share, valuing the company at Rs 67,762 crore (around $7.7 billion).

Bansal had earlier sold Rs 90 crore worth of stock at the same valuation to Dmart promoter Radhakishan Damani.