FILA Group trims DOMS Industries stake by 7% in ₹934 crore block deal
Italian promoter FILA Group offloaded 42.48 lakh shares of stationery maker DOMS Industries at ₹2,200 apiece, cutting its holding to 19.01% from 26.01%. SBI MF and Axis MF absorbed a combined 2.13% stake worth ₹285 crore, signalling sustained domestic institutional appetite.
What happened
Italian promoter FILA Group sold a 7% stake in stationery maker DOMS Industries for ₹934 crore via open market, cutting its holding to 19.01%. SBI MF and Axis
Key facts
- 7% stake
- ₹934 crore
- 42.48 lakh shares
- ₹2,200-2,200.55 per share
- FILA holding down to 19.01% from 26.01%
- promoter holding 63.39% from 70.39%
- SBI MF bought 1.54% for ₹285 crore combined with Axis MF 0.6%
Why this matters
FILA's progressive dilution from 26.01% to 19.01% opens the door for eventual strategic realignment, potentially making DOMS a more independent platform open to partnerships, JVs, or bolt-on M&A in adjacent categories.