Lenskart shares rise 4% on Korea acquisition news
after close1 source ↓written by the desknot a recommendation
- to ₹471.35
- 4%
- approximately
- ₹18.6 cr
- in iiNeer Corp
- 29.24% stake
- traded
- 1.35 million shares
- valued
- ₹63.55 cr
Shares of Lenskart Solutions surged nearly 4% to ₹471.35 on the BSE after announcing an investment of KRW 3 billion (approximately ₹18.6 cr) for a 29.24% stake in iiNeer Corp., Korea. This acquisition drew strong buying interest amid a subdued market, with 1.35 million shares traded, valued at ₹63.55 cr.
The stock's 52-week range is ₹356.10 to ₹495, and its market capitalization is ₹80,324.49 cr. This move may enhance Lenskart's international presence and investor confidence.
Not investment advice. For informational purposes only.