Peyush Bansal-Led Company Completes Full Acquisition Of Analytics Firm; Ownership Rises To 100%

Indian equity benchmarks ended lower on Thursday, with the benchmark Nifty 50 index declining 53.35 points, or 0.23 per cent, to 23,161.60. Amid the broader market weakness, Lenskart Solutions shares traded at Rs 502.25, up 0.42 per cent during the session.

Lenskart Acquires Remaining Stake In Quantduo

Lenskart Solutions Limited has completed the acquisition of the remaining 7.65 per cent stake in Quantduo Technologies Private Limited for an aggregate cash consideration of Rs 3.68 crore.

Following the transaction, Lenskart's shareholding in Quantduo has increased from 92.35 per cent to 100 per cent, making Quantduo a wholly owned subsidiary of the company.

Acquisition Completed In Two Tranches

The transaction was executed in two phases. Lenskart acquired an additional 4.65 per cent stake on March 16, 2026, followed by the purchase of the remaining 3 per cent stake on June 9, 2026.

The aggregate consideration for both transactions amounted to Rs 3.68 crore, and the acquisition was completed entirely through cash consideration.

Related Party Transaction

As Quantduo was already a subsidiary of Lenskart, the acquisition qualifies as a related party transaction under SEBI Listing Regulations.

The company stated that the transaction was undertaken on an arm's length basis and in compliance with all applicable regulatory requirements. Lenskart also disclosed that Amit Chaudhary, Promoter and Director of Lenskart Solutions Limited, serves as a director on the board of Quantduo Technologies.

Strategic Rationale Behind The Acquisition

According to the company, the objective of the acquisition is to consolidate ownership in Quantduo and strengthen its position as the sole controlling shareholder.

Lenskart noted that Quantduo's business operations are closely aligned with its core business activities, making the acquisition strategically relevant for the group.
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About Quantduo Technologies

Quantduo Technologies Private Limited operates in the technology sector and focuses on providing advanced analytics solutions.

The company reported a turnover of Rs 10.02 crore in FY26, compared with Rs 7.14 crore in FY25 and Rs 6.78 crore in FY24, reflecting steady business growth over the last three financial years. Quantduo was incorporated on December 29, 2018, and operates primarily within India.

About Lenskart Solutions

Lenskart Solutions Ltd is one of India's leading eyewear retailers, offering prescription eyeglasses, sunglasses, contact lenses and vision-care solutions through its omnichannel platform.

The company operates an extensive network of stores across India and international markets while leveraging technology, manufacturing and analytics capabilities to support its business operations and customer experience.

What are your thoughts on Lenskart's move to make Quantduo Technologies a wholly owned subsidiary? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.