New Delhi, Aug. 28 -- Shares of Iris Clothing moved closer to their 52-week high after Nippon Life India Asset Management picked up a sizeable stake in the textile company through a bulk deal.

According to NSE bulk-deal data, Nippon Life India Asset Management acquired 11.53 lakh shares of Iris Clothing on 27 August 2026, at an average price of Rs.57.10 per share. The transaction has put the stock in focus and highlighted growing institutional interest in the company.

Earlier this month, Nippon India Equity Opportunities AIF had also acquired 15 lakh shares of Iris Clothing at an average price of Rs.55 per share, according to NSE bulk-deal data.

The latest transaction by Nippon Life India Asset Management marks a separate investment an...