Lenskart Solutions Completes Acquisition of Quantduo, Achieves Wholly-Owned Subsidiary Status
Lenskart Solutions Limited has successfully completed the acquisition of the remaining stake in Quantduo Technologies Private Limited, making Quantduo a wholly-owned subsidiary of the company. The acquisition concluded on June 9, 2026.The completion of this transaction brings Lenskart Solutions' aggregate shareholding in Quantduo to 100% of its fully diluted share capital. Prior acquisitions by the Company included a purchase of an additional 4.65% stake in Quantduo on March 16, 2026. The recent acquisition involved securing an additional 3% of the fully diluted share capital.
Prior to this final acquisition, Lenskart Solutions held a 92.35% stake in Quantduo. With the completion of the transaction, the aggregate increase in the Company's shareholding in Quantduo since its last disclosure amounts to 7.65%.
The entire deal was completed for a cash consideration amounting to INR 36.76 million for the acquisition of the remaining 7.65% shareholding secured across March 16, 2026, and June 9, 2026. The business focus of Quantduo is providing advanced analytics solutions and is in line with the main line of business of Lenskart Solutions Limited.
Quantduo Technologies Private Limited was incorporated in India on December 29, 2018, and operates within the Technology Industry.
The turnover figures for Quantduo over recent financial years are detailed below:
| Financial Year | Turnover (INR millions) |
|---|---|
| FY 23-24 | 67.75 |
| FY 24-25 | 71.42 |
| FY 25-26 | 100.19 |
LENSKART Stock Price Movement
Lenskart Solutions Limited shares slipped on Tuesday, shedding 0.07% to settle at ₹503.40 following a slight decline from the previous close. The stock traded within a range established between ₹499.75 and ₹511.5, closing amidst a volume of 4.2 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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