Announced Wed, 8 Jul · 13:23 IST
Iris Clothings to acquire 51% in Infinia Lifestyle for Rs 57.12 Cr
IRISDOREME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹45.38
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.5-3.1-3.9-3.3-0.2+3.2————
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AI summary
Board approved acquiring 51 percent (5,10,000 shares) in Infinia Lifestyle Pvt Ltd for Rs 57.12 Cr. Payment mix: Rs 25 Cr cash plus 77,08,183 Iris shares at Rs 41.67 each, about Rs 32.12 Cr via share swap. Infinia is in athleisure wear with FY25-26 turnover of Rs 30.31 Cr. Post-acquisition, Infinia becomes a subsidiary of Iris. Shareholders' approval sought for the preferential share issue.
Likely market impact
Strategic expansion into athleisure segment. Share swap will dilute existing holders. Subject to shareholder and NSE approvals.