FILA Group trims DOMS stake by 7% for ₹934 cr; SBI, Axis MFs lap up ₹285 cr
Italian promoter FILA Group offloaded 4.248 million shares of stationery maker DOMS Industries at ₹2,200 apiece, cutting its holding to 19.01% from 26.01%. SBI MF (+1.54%) and Axis MF (+0.6%) absorbed ₹285 cr of the block, signalling domestic institutional conviction.
What happened
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 MF together picked
Key facts
- 7% stake
- ₹934 crore
- 4.248 million shares
- ₹2,200 per share
- FILA holding down to 19.01% from 26.01%
- promoter group at 63.39%
- SBI MF +1.54%
- Axis MF +0.6%
- ₹285 crore combined MF buy
Why this matters
FILA's 7% pare-down to 19.01% opens a window to reassess the strategic partnership terms and explore deeper distribution or M&A tie-ups while promoter alignment remains majority-intact.