Lenskart IPO: Founder Peyush Bansal buys back company shares at steep discount ahead of going public

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Lenskart founder Peyush Bansal has acquired a 2.5% stake in the omnichannel eyewear retailer for Rs 222 crore from investors SoftBank, Chiratae Ventures, Kedaara Capital, TR Capital, Temasek, Premji Invest and others. The share purchases value the company at over Rs 8,700 crore (around $1 billion), according to information from the company’s draft red herring prospectus, which was filed on Tuesday.

Bansal bought 42.7 million shares at Rs 52 apiece in a series of secondary cash transactions earlier this month, aggregating to Rs 222 crore, the draft…



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Lenskart IPO: Founder Peyush Bansal buys back company shares at steep discount ahead of going public



Lenskart founder Peyush Bansal has acquired a 2.5% stake in the omnichannel eyewear retailer for Rs 222 crore from investors SoftBank, Chiratae Ventures, Kedaara Capital, TR Capital, Temasek, Premji Invest and others. The share purchases value the company at over Rs 8,700 crore (around $1 billion), according to information from the company’s draft red herring prospectus, which was filed on Tuesday.

Bansal bought 42.7 million shares at Rs 52 apiece in a series of secondary cash transactions earlier this month, aggregating to Rs 222 crore, the draft…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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