Lenskart Solutions Share Price Surges; To Acquire 29.24% Stake in South Korea’s iiNeer

Lenskart Solutions Ltd has approved an overseas investment through its wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore.  

The decision was taken at the subsidiary’s board meeting on December 24, 2025, according to a regulatory filing. The approved investment is KRW 3 billion, which is approximately ₹186 million. 

Nature of the Acquisition 

The transaction involves the purchase of a 29.24% stake in iiNeer Corp. Ltd, a South Korea–based optical machinery company.  

The stake will be acquired through 123,945 preference shares. Lenskart said the acquisition will be completed using cash consideration. The company expects the transaction to close by January 31, 2026. 

Business Profile of iiNeer 

iiNeer Corp was incorporated in 2020 and operates in the optical equipment segment. The company is engaged in the design, manufacture, and sale of optical machinery used in lens processing.  

Its products include lens-edging machines and related systems used in optical laboratories. As per the filing, iiNeer reported a turnover of KRW 177,768,000 during the calendar year 2024. 

Purpose Stated in the Filing 

Lenskart said the investment is intended to support the development of internal optical hardware capabilities. The filing refers to lens edging systems such as edgers, tracers and blockers as areas of focus. These systems are used in the processing and fitting of lenses for eyewear production. 

The company also noted that building in-house capacity may reduce reliance on third-party equipment suppliers. Over time, this could help manage equipment-related capital expenditure. 

Read More: Lenskart Share Price Jump 5% on Plan to Form Thailand JV With Matt Optical! 

Lenskart Solutions Share Price Performance  

As of December 26, 2025, 9:36 am, Lenskart Solutions share price was trading at ₹457.50, a 1.22% increase from the previous closing price. 

Conclusion 

The proposed acquisition adds a minority stake in a South Korea–based optical equipment maker to Lenskart’s overseas investments. The deal is scheduled for completion by the end of January 2026. 

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