Lenskart pumps ₹53 cr to tighten grip on Owndays, Singapore arm
Lenskart will invest ₹50 crore to lift its stake in Japanese eyewear subsidiary Owndays by 1% to 97.67%, acquiring 10,613 shares at JPY 77,426 each. A further ₹3 crore goes into Lenskart Singapore via 1,38,005 shares to fund overseas operations, consolidating control of its international footprint.
Lenskart will invest ₹53 crore to raise its stake in Japanese eyewear arm Owndays by 1% to 97.67%, and inject ₹3 crore into Lenskart Singapore to fund international operations, consolidating control over its overseas businesses.