Lenskart Solutions Limited has announced a strategic overseas investment through its wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore. The subsidiary has approved an investment of KRW 3 billion (approximately ₹18.6 crore) to acquire a 29.24% stake in iiNeer Corp. Ltd., a South Korea–based optical machinery manufacturer.
The investment was approved by the board of Lenskart Singapore at its meeting held on December 24, 2025, and has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Founded in 2020, iiNeer specializes in the design and manufacture of technology-enabled eye-testing and lens-edging equipment, including edgers, tracers and blockers. Lenskart said the acquisition aligns with its strategy to develop proprietary optical hardware capabilities, improve operational efficiency and reduce long-term capital expenditure on equipment.
The transaction will be completed through a cash consideration and is expected to close by January 31, 2026. Lenskart Singapore will acquire 123,945 preference shares, representing 29.24% of iiNeer’s fully diluted share capital. The company clarified that the acquisition does not fall under related-party transactions and does not require any regulatory approvals.
iiNeer reported a turnover of KRW 177.77 million in calendar year 2024 and operates primarily in the optical machinery manufacturing sector.
