Lenskart Invests ₹18.6 Crore in South Korea’s iiNeer for 29.24% Stake as Stock Jumps After Christmas Market Holiday
Lenskart Solutions’ Singapore unit will acquire a 29.24% stake in South Korea’s iiNeer Corp. for KRW 3 billion (₹18.6 crore), aiming to boost in-house optical hardware capabilities. The announcement, made during India’s Christmas market holiday, sent Lenskart shares up nearly 4% to ₹470 when trading resumed on December 26. The deal is expected to close by January 31, 2026.