Iris Clothings buys 51% of athleisure firm Infinia for Rs 57.12 crore
What's the deal? Iris ClothingsDealroom has a profile for this one. Try Dealroom → has approved the acquisition of a 51% equity stake in Infinia Lifestyle for ₹57.12 crore. The board cleared the transaction on July 8, 2026, buying 5.10 lakh shares to make Infinia a subsidiary.
The terms: Iris will pay ₹25 crore in cash and settle ₹32.12 crore via a share swap. That swap involves issuing up to 77,08,183 equity shares on a preferential basis at ₹41.67 apiece to sellers Harsh Vardhan Sarda and Pooja Sarda, subject to shareholder and regulatory approval.
What's the endgame? Iris operates in kidswear under its DOREME brand, while Infinia makes athleisure wear. The deal lets Iris diversify its product portfolio and widen its national footprint in India's readymade garments industry.
The numbers: Infinia reported unaudited turnover of ₹30.31 crore for FY2025-26, down from ₹32.12 crore the prior year but above ₹26.67 crore in FY2023-24. The company was incorporated in October 2018.
Why now? The acquisition is expected to close within 15 days of the later of shareholder approval for the preferential issue or in-principle clearance from the stock exchanges.
The signal: The move reflects how apparel makers are consolidating across categories, using cash-and-stock structures to expand beyond a single segment.
Read more: Business Upturn
