Iris Clothings Limited announced today, July 8, 2026, that its Board of Directors has approved the acquisition of 51% of the equity shares of Infinia Lifestyle Private Limited for a total purchase consideration of ₹57.12 crore. The acquisition involves 5,10,000 equity shares of Infinia Lifestyle, each with a face value of ₹10. The purchase consideration will be discharged partly by cash amounting to ₹25 crore and partly by the issuance of up to 77,08,183 equity shares of Iris Clothings Limited. These shares will be issued on a preferential basis at a price of ₹41.67 per equity share (including a premium of ₹39.67 per equity share). This preferential issue is subject to shareholder and regulatory approvals. Infinia Lifestyle, which operates in the textile and apparel industry with a focus on athleisure wear, reported a turnover of ₹30.31 crore in FY 2025-26. The acquisition is strategically aimed at strengthening Iris Clothings' market position and broadening its national footprint in the readymade garments industry. The acquisition is expected to be completed within 15 days of obtaining necessary approvals.
