Lenskart Solutions saw its shares climb almost 4% on Friday, closing at Rs 471.35 on the BSE, after the eye‑care retailer revealed a new overseas investment.
Share price reaction
About 1.35 million shares, worth roughly Rs 63.55 crore, changed hands on both the BSE and NSE. The stock is trading within its 52‑week range of Rs 356.10 to Rs 495.
Korean investment details
The board of Lenskart Solutions Pte. Ltd., its Singapore subsidiary, approved a KRW 3 billion (≈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. Lenskart said the deal will help it develop proprietary equipment, improve operating efficiency and lower capital spending on machinery over time.
Earlier Thailand transaction
Just a few days earlier, Lenskart announced the acquisition of 250,000 ordinary shares (50% of the capital) of Marco Optical (Thailand) Co., Ltd., also known as Sunrise Thailand, from Matt Optical. The purchase creates a 50‑50 joint venture between Lenskart Singapore and Matt Optical.
Why the moves matter
- Strategic expansion: The Korean and Thai deals give Lenskart direct access to advanced eye‑care technology and a foothold in Southeast Asian markets.
- Cost efficiency: Owning part of the equipment supplier could lower long‑term capital expenditures.
- Investor sentiment: The announcements sparked buying interest, pushing the stock higher despite a generally quiet market.
Key takeaways
Investors should watch how Lenskart integrates iiNeer’s technology and whether the Thai joint venture accelerates regional growth. Both moves signal the company’s intent to control more of its value chain.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.