India's Lenskart rises after co sets up China subsidiary
18/08/2026 07:00
BUZZ-India's Lenskart rises after co sets up China subsidiary ** Shares of eyewear retailer Lenskart Solutions LENS.NS up 3.1% at 626.45 rupees--biggest percentage jump in over two months
** Co receives certificate of incorporation for Wenzhou Framekart Trade, a step-down subsidiary in China
** Lenkart's joint venture, Baofeng Framekart Technology (BFT) Limited, holds 95% of equity interest in new unit
** BFT will invest RMB 1 million into new unit
** Entity set up to undertake business of trading, import, export, and procurement of spectacle frames and allied optical products
** Stock's F12M PE at 103.47 vs industry median of 35.20--LSEG- compiled data
** YTD, shares up 38.95%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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