Lenskart Solutions Limited ("the Company") has informed the Exchange about the acquisition of shareholding in Quantduo Technologies Private Limited ("Quantduo"), resulting in Quantduo becoming wholly-owned subsidiary of the Company.
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Lenskart Solutions Limited has acquired additional shareholding in Quantduo Technologies Private Limited, making Quantduo a wholly-owned subsidiary of the company. The exact stake acquired, deal value, and consideration were not disclosed in the filing. Quantduo Technologies is now fully consolidated within Lenskart's group structure. No regulatory approvals or open offer requirements were mentioned in the announcement.
This gives Lenskart full ownership and control over Quantduo Technologies, allowing complete integration of its operations, financials, and strategic direction. Shareholders should watch for further disclosures on deal size, business rationale, and any impact on consolidated financials.