Iris Clothings to acquire 51% in Infinia Lifestyle for Rs 57.12 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

IRISDOREME · price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹45.38

prior close

₹45.01

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%+1.2% vs market

Garments & Apparels peers, median of 39sector-1.8%+1.0% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.0 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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+35.9+6.0+29.8-6.6+42.5

+28.2+1.1+27.1-9.9+38.0

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.