ALFA Filings
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Lenskart Solutions incorporated Wenzhou Framekart Trade Co., Ltd in China as a step-down subsidiary to handle trade and procurement of spectacle frames and optical products.
Lenskart Solutions is acquiring an additional stake in Baofeng Framekart Technology for ₹10.60 Crore. This aims to strengthen the company's manufacturing and supply chain.
Lenskart Solutions Limited's subsidiary will incorporate Wenzhou Framekart Trade Co., Ltd in China for ₹1.41 Crore. This step-down subsidiary will handle eyewear trading and procurement.
Lenskart Solutions Limited's subsidiary OWNDAYS Singapore will incorporate a new step-down subsidiary, OWNDAYS Korea. The initial investment for 100% shareholding is KRW 300 million.
Lenskart Solutions incorporated a joint venture, Lenskart Metalframes Private Limited, with Mingfeng Glassesworld Limited to enhance manufacturing capabilities and supply chain efficiencies.
Lenskart Solutions is incorporating a new JV for manufacturing metal spectacle frames. It will hold an 80% stake for a cash consideration of INR 0.008 Crore.
Lenskart Solutions approved amalgamating two subsidiaries into itself. The board also greenlit a JV with MGL to manufacture metal frames in India.