Lenskart shares surge 4% after acquiring a Korean start-up

Lenskart shares surge 4% after acquiring a Korean start-up

Lenskart Solutions Ltd's shares rose nearly 4% on Friday, hitting ₹471.35 on the BSE. The spike in share price comes after the company announced its latest acquisition in South Korea.

The move has drawn strong buying interest from investors despite a generally subdued market.

A total of 1.35 million equity shares of Lenskart were traded on the BSE and NSE, worth some ₹63.55 crore at current market prices, according to data from stock exchanges.

Market cap and share performance

Lenskart's shares have traded between ₹356.10 and ₹495 on the NSE in the last 52 weeks.

The company's market capitalization stood at ₹80,324.49 crore as of December 26, 2025.

The recent acquisition news has kept Lenskart in focus on the final trading day of the week, with investors showing strong interest in its stock despite a generally subdued market atmosphere.

Acquisition of iiNeer Corp in South Korea

Lenskart's wholly-owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore, has announced an investment of KRW 3 billion (around ₹18.6 crore) to acquire a 29.24% stake in iiNeer Corp., Ltd., a South Korean optical machinery start-up.

The deal was approved by the board of Lenskart Singapore on December 24 and will see the purchase of 123,945 preference shares in iiNeer through cash consideration by January 31, 2026.