Lenskart's NESO lifts French eyewear stake to 34.34% for €250,000
What's the deal? Neso BrandsDealroom has a profile for this one. Try Dealroom →, a wholly owned subsidiary of India's Lenskart SolutionsDealroom has a profile for this one. Try Dealroom →, acquired an additional 2.52% stake in French eyewear brand Le Petit LunetierDealroom has a profile for this one. Try Dealroom → for €248,000. The purchase, completed on September 23, 2026, lifts Neso's total holding in the company to 34.34% of fully diluted share capital.
How it works: The Singapore-based Neso subscribed to newly issued equity shares in a cash transaction. Le Petit Lunetier is a related party under India's Companies Act and SEBI listing rules, and the deal was conducted on an arm's length basis.
Why now? Lenskart has steadily built its position over five months. It held 29.05% at the time of its November 2025 listing, raised that to 31.82% in April 2026, and now 34.34% — an aggregate increase of 5.30% across two tranches totalling €498,000.
What's the endgame? The move fits Lenskart's strategy of selectively investing in eyewear brands to scale their products across its omnichannel retail network in India and other markets. The company said the investment strengthens access to the Le Petit Lunetier brand for distribution through its stores, but does not mark an expansion into the brand's existing wholesale and retail operations in Europe.
By the numbers: Le Petit Lunetier reported turnover of €7.70 million in FY26, down slightly from €7.90 million in FY25 — though well above the €6.20 million recorded in FY24. Its paid-up capital stands at €1,546.
The signal: The incremental purchase points to Lenskart's appetite for building a global brand portfolio it can channel through its retail footprint. Whether it pushes past 34.34% toward majority control remains the open question.
Image credit: Generated with Gemini
