Recode Studios to acquire 51 percent stake in Aflairza Professionals
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 9.4 pts more than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Recode Studios signed a term sheet to acquire up to 51 percent in premium beauty brand Aflairza Professionals. Phase I is 33 percent for Rs 8.32 crore, split between promoter share purchase and fresh capital. Phase II lifts it to 51 percent after milestones. Aflairza uses Korean formulations; promoters continue running ops while Recode adds a board nominee.
Positive: strategic expansion into premium beauty segment. Small Phase I deal of Rs 8.32 crore limits near-term dilution. Watch milestone progress to 51%.