Merger2 Jul 2026, 04:50 pm
Lenskart Approves Merger of Subsidiaries and New JV
AI Summary
Lenskart Solutions Limited announced the outcome of its Board Meeting held on July 2, 2026. The board approved the amalgamation of its wholly-owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, with and into Lenskart Solutions Limited. This scheme is subject to regulatory approvals. Additionally, the company approved the incorporation of a Joint Venture in India with China-based Mingfeng Glassesworld Limited (MGL). This JV will focus on manufacturing metal spectacle frames in India, aiming to enhance manufacturing capabilities, supply chain efficiency, promote localization, and reduce import dependency.
Key Highlights
- Lenskart's board approved the merger of two wholly-owned subsidiaries.
- A new joint venture will be formed with China's Mingfeng Glassesworld Limited.
- The JV aims to boost metal spectacle frame manufacturing in India.
- The merger and JV are subject to necessary statutory and regulatory approvals.
Price Impact
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