Shares of newly-listed Lenskart Solutions climbed nearly 4% on Friday to Rs 471.35 on the BSE after the eye-care retailer disclosed a fresh acquisition update from the Republic of Korea, drawing strong buying interest in an otherwise subdued market and keeping the stock in focus on the final trading day of the week.
A combined 1.35 million equity shares of Lenskart, valued at about Rs 63.55 crore, were traded on the BSE and the NSE. The stock has moved in a 52-week range of Rs 356.10 to Rs 495 on the NSE. Lenskart’s market capitalisation stood at Rs 80,324.49 crore as of December 26, 2025.
The rally followed an exchange filing in which Lenskart said the board of Lenskart Solutions Pte. Ltd., Singapore, its wholly owned subsidiary, had approved an investment of KRW 3 billion, or about Rs 18.6 crore, to acquire a 29.24% stake in iiNeer Corp., Ltd., a company incorporated under the laws of the Republic of Korea.
According to the filing, Lenskart Singapore will invest in iiNeer, a Korea-based startup focused on developing technology-enabled eye-testing and lens-cutting equipment. The company said the investment supports its efforts to build proprietary capabilities in core equipment and is expected to improve operating efficiencies and reduce equipment capital expenditure over time.
The Korea update comes shortly after another overseas transaction disclosed earlier this week. On December 22, the company said the board of Lenskart Singapore had approved the acquisition of 250,000 ordinary shares, representing 50% of the total issued share capital of Marco Optical (Thailand) Co., Ltd., also known as Sunrise Thailand, from Matt Optical Co., Ltd., an existing investor.
“Upon the aforementioned acquisition, Sunrise Thailand will become a joint venture between Lenskart Singapore and Matt Optical, both holding 50 per cent each of its issued share capital,” the company said in an exchange filing.
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Curated by Emma Watson
