Lenskart Solutions Limited ("the Company") has made a regulatory disclosure under Regulation 30 of the SEBI Listing Regulations regarding its acquisition of additional stake in Quantduo Technologies Private Limited ("Quantduo" or "GeoIQ").
Acquisition Details
- Transaction Date: June 9, 2026 (for 3% stake)
- Previous Transaction Date: March 16, 2026 (for 4.65% stake)
- Total Consideration: INR 36.76 million for the aggregate 7.65% stake acquisition
- Payment Method: Cash consideration
- Regulatory Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Shareholding Impact
- Pre-acquisition holding: 92.35% (as of listing date)
- Post-March acquisition: 97% (after acquiring 4.65% on March 16, 2026)
- Final holding: 100% of fully diluted share capital (after acquiring additional 3% on June 9, 2026)
- Result: Quantduo has become a wholly-owned subsidiary of Lenskart Solutions Limited
Target Company Information
Quantduo Technologies Private Limited
- Industry: Technology (advanced analytics solutions)
- Incorporation Date: December 29, 2018
- Country of Presence: India
- Turnover History:
- FY 2025-26: INR 100.19 million
- FY 2024-25: INR 71.42 million
Related Party Aspects
Quantduo is a related party of Lenskart Solutions Limited as it is a subsidiary. The transaction falls within related party transactions but was conducted on an arm's length basis in compliance with SEBI Listing Regulations. Mr. Amit Chaudhary, Promoter and Director of Lenskart Solutions Limited, also serves as a director on Quantduo's Board.
Strategic Rationale
The acquisition is consistent with the Company's strategic objective of consolidating ownership in Quantduo and strengthening its position as the controlling shareholder.
Additional Information
The disclosure has been hosted on the Company's website at https://www.lenskart.com/corporate/investorrelations.
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