Lenskart’s stock got a lift on Friday, climbing almost 4% after the eyewear retailer revealed a fresh investment in a Korean eye‑care technology company.
Share price reaction
The shares closed at Rs 471.35 on the BSE, trading about 1.35 million equity shares (roughly Rs 63.55 crore). The stock has been moving within a 52‑week range of Rs 356.10 to Rs 495 on the NSE, and Lenskart’s market capitalisation stands at about Rs 80,324 crore.
Korean investment details
Lenskart’s Singapore subsidiary approved a KRW 3 billion (around Rs 18.6 crore) investment to buy a 29.24% stake in iiNeer Corp., a South‑Korean startup that builds technology‑enabled eye‑testing and lens‑cutting equipment. The company says the deal will help it develop its own core equipment, improve operating efficiency and eventually lower capital spending on equipment.
Earlier Thailand acquisition
Just a few days earlier, Lenskart Singapore also approved buying 250,000 ordinary shares—half of the issued capital—of Marco Optical (Thailand) Co., known as Sunrise Thailand, from Matt Optical. The move creates a 50‑50 joint venture between Lenskart Singapore and Matt Optical.
What this means for investors
- Strategic expansion: The Korean stake gives Lenskart access to advanced eye‑testing and lens‑cutting tech, which could boost margins.
- Cost efficiencies: Owning part of the equipment maker may reduce future capital expenditures.
- Market confidence: The share‑price jump shows that investors view the acquisitions as positive growth drivers.
- Diversified footprint: With stakes in both Korea and Thailand, Lenskart is strengthening its international presence.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.