Lenskart is moving closer to its much-anticipated stock market debut, with shareholders formally approving its initial public offering plans at the company’s annual general meeting held on Saturday. The omnichannel eyewear firm plans to raise Rs 2,150 crore ($250 million) as part of the public issue, which could reach up to $1 billion in total…
BENGALURU/HYDERABAD: A day after eyewear startup Lenskart inked a deal with the Telangana government to set up a manufacturing facility in the state, Karnataka industries minister MB Patil clarified on why the deal didn’t come to the state.“As custodians of taxpayers’ resources, we are committed to making prudent decisions that maximise long-term benefits for both…
Telangana bags fresh manufacturing investments worth Rs 7600 crore HYDERABAD: Telangana has clinched fresh manufacturing investments worth nearly Rs 7600 crore with the potential to create around 5200 jobs in sectors such as aerospace & defence, electronics and energy storage, as well as eyewear manufacturing.Four MoUs were inked with eyewear player Lenskart, renewable energy and…
HYDERABAD: Eyewear major Lenskart is investing Rs 1500 crore in setting up what is touted as the world’s largest eyewear manufacturing factory in Telangana.The facility will make eyewear, lenses, sunglasses as well as accessories and other products catering to the India as well as exports to other markets in South East Asia and the Middle…