Lenskart Solutions Limited — JV/Acquisition, 12-08-2026: Acquisition

Lenskart is increasing its control over its eyewear frame manufacturing by acquiring an additional 19% stake in its JV, Baofeng Framekart Technology Limited, raising its total stake to 70%. This move deepens its backward integration and strengthens its supply chain resilience. Additionally, Lenskart is establishing new subsidiaries in South Korea (OWNDAYS Korea) and China (Wenzhou Framekart Trade Co., Ltd) to expand its global footprint in the eyewear market. These strategic steps align with Lenskart's vision for enhanced operational control and international growth.