Shares of Lenskart Solutions Ltd surged 2.5% to touch a day’s high of Rs 470 on 26th December. This happened after the company said its wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore, had approved an investment of KRW 3 billion (around Rs 186 crore) to acquire a 29.24% stake in iiNeer Corp. Ltd. iiNeer is a South Korea–based optical machinery startup.

The board of Lenskart Singapore approved the investment at its meeting held on 24th December, 2025.

The deal involves the acquisition of 123,945 preference shares of iiNeer through a cash transaction. It is expected to be completed by 31st January 2026.

Founded in 2020, iiNeer designs and manufactures technology-enabled optical equipment, including lens-edging machines and related devices. The company reported a turnover of KRW 177.77 million in calendar year 2024, according to the exchange filing.

Lenskart said the investment will help it develop in-house optical hardware capabilities, especially in lens edging systems. These include edgers, tracers, and blockers. Over time, the move is expected to improve operational efficiency and lower equipment-related capital expenditure.

At 11:40 AM, shares of Lenskart were trading 1.79% higher at Rs 460.10 on NSE.

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