India, July 29 -- Lenskart Eyes D-Street Debut

Eyewear titan Lenskart is gearing up for its biggest move yet - a public markets debut. It has received the shareholder nod to raise INR 2,150 Cr ($248.7 Mn) through a fresh issue, part of the broader $1 Bn IPO that will also comprise an offer for sale component.

Making Strategic Moves Ahead of IPO: The shareholder approval comes amidst a flurry of strategic manoeuvres. The company's board recently granted in-principle nod to issue equity shares worth INR 430 Cr to certain investors, while also allotting 72.8 Lakh shares to eligible employees under an ESOP scheme.

Meanwhile, SoftBank's Sumer Juneja has stepped down from the company's board, while Sayali Karanjkar and Ashish Kashyap have jo...