Iris Clothings Limited, a kidswear readymade garment company, has approved the acquisition of a 51% stake in Infinia Lifestyle Private Limited, a men’s and women’s athleisure wear brand.
The acquisition, approved by the company’s Board of Directors, marks Iris Clothings’ strategic expansion beyond its core kidswear business into the fast-growing athleisure segment.
The transaction is structured as a combination of cash and a share swap. The total purchase consideration of Rs 57.12 crore will comprise a cash component of Rs 25 crore and the issuance of 77,08,183 equity shares. These shares will be issued at Rs 41.67 per share, including a premium of Rs 39.67 per share, on a preferential basis to the sellers, Harsh Vardhan Sarda, founder of Infinia and director of Infinia Lifestyle, and Pooja Sarda, director of Infinia Lifestyle Private Limited.
Upon completion of the transaction, Infinia Lifestyle will become a subsidiary of Iris Clothings, broadening the company’s presence in the branded readymade garments market.
Under the agreement, Iris Clothings will acquire 5,10,000 equity shares of Infinia Lifestyle, representing 51% of its paid-up share capital.
Incorporated on October 30, 2018, Infinia Lifestyle operates in the textile and apparel sector, focusing on men’s and women’s athleisure wear. The company reported an unaudited turnover of Rs 30.31 crore in FY 2025-26, compared with Rs 32.12 crore in FY 2024-25 and Rs 26.67 crore in FY 2023-24.
Bharat Tex Special Report 2026 
