Lenskart Solutions buys 1.80% more stake in Ajna for ₹79.97 million
- Lenskart Solutions acquired an additional 1.80% stake in Dimension NXG (Ajna) for ₹79.97 million
- Total shareholding in the associate entity rises to 9.01% of fully diluted capital
- Aggregate cost for the 4.17% stake acquired since February 2026 is ₹185 million
- Ajna reported a turnover of ₹103.64 million for FY25-26, down from ₹159.68 million in FY23-24
*this image is generated using AI for illustrative purposes only.
Lenskart Solutions acquired an additional 1.80% stake in Dimension NXG Private Limited, also known as Ajna, for a consideration of ₹79.97 million. The transaction was completed on September 13, 2026.
This acquisition increases the company's aggregate shareholding in the associate entity from 7.21% to 9.01% of the fully diluted share capital. The deal is part of a series of investments aimed at strengthening Lenskart's strategic association with the extended reality and artificial intelligence ecosystem.
Acquisition Details
The latest purchase follows two earlier transactions where Lenskart acquired a 0.68% stake on February 26, 2026, and a 1.69% stake on July 4, 2026. Together with the initial holding of 4.84%, these moves represent an aggregate increase of 4.17% in ownership.
| Transaction Date | Stake Acquired | Cumulative Stake Post-Acquisition |
|---|---|---|
| February 26, 2026 | 0.68% | 5.52% |
| July 4, 2026 | 1.69% | 7.21% |
| September 13, 2026 | 1.80% | 9.01% |
The total consideration for the entire 4.17% stake acquired across these three dates amounts to ₹185 million. The consideration for this specific transaction was paid in cash.
Strategic Rationale
Ajna operates in the smart glasses software application development sector, manufacturing and distributing augmented reality and mixed reality solutions. Lenskart stated that the acquisition supports technology-led opportunities in the smart eyewear space.
Mr. Peyush Bansal, the promoter and managing director of Lenskart, serves as a director on the board of Ajna. Consequently, the transaction is classified as a related party transaction under SEBI Listing Regulations. The company confirmed the deal was undertaken on an arm's length basis.
What the Numbers Show
Ajna's turnover has declined over the last three fiscal years, falling from ₹159.68 million in FY23-24 to ₹127.91 million in FY24-25, before further dropping to ₹103.64 million in FY25-26. Despite this revenue contraction at the associate level, Lenskart has consistently increased its equity participation, suggesting a strategic bet on the long-term potential of the AR/MR technology ecosystem rather than current top-line performance.
Historical Stock Returns for Lenskart Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.67% | +1.38% | +16.31% | +32.49% | 0.0% | 0.0% |
How does Lenskart plan to integrate Ajna's AR/MR software capabilities into its existing smart eyewear product roadmap over the next 12-18 months?
Given Ajna's declining turnover, what specific revenue synergies or cost-saving measures does Lenskart expect to realize from this increased stake?
Will Lenskart pursue further acquisitions in the AI and extended reality sectors to consolidate its position as a tech-led eyewear provider?
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