Lenskart board approves JV with China Mingfeng for metal frame making
LENSKART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On July 2, 2026, Lenskart board approved two items. First, a Joint Venture with Chinas Mingfeng Glassesworld Limited to manufacture metal spectacle frames in India, aimed at localising manufacturing and cutting import dependence. Second, a Scheme of Amalgamation to merge two wholly-owned subsidiaries Dealskart Online Services and Lenskart Eyetech into the listed company under Sections 230-232 of the Companies Act, subject to NCLT and other approvals.
Supports backward integration and cost efficiency; subsidiary merger simplifies group structure. Mildly positive for shareholders, no share issuance since both subs are wholly owned.