FILA Group Sells 7 PC Stake in DOMS Industries for Rs 934 Crore

New Delhi: Italian multinational FILA Group, one of the promoters of DOMS Industries, has divested a 7 per cent stake in the company for Rs 934 crore through open market transactions, according to the bulk deal data on the NSE.

Meanwhile, SBI Mutual Fund (MF) and Axis MF have increased their holdings in DOMS Industries by purchasing a combined stake of 2.13 per cent for Rs 285 crore.

DOMS manufactures and markets a wide range of stationery and art materials, while FILA Group is a supplier of art materials and has a portfolio of 25 iconic brands.

FILA — Fabbrica Italiana Lapis ed Affini SPA offloaded over 42.48 lakh equity shares in two tranches, representing a 7 per cent stake in DOMS Industries, as per data on the National Stock Exchange (NSE).

The shares were sold in the price range of Rs 2,200.07-2,200.55 apiece on Wednesday, taking the combined transaction value to Rs 934.74 crore.

Following the transaction, Fila Group’s shareholding in DOMS Industries has come down to 19.01 per cent from 26.01 per cent.

The combined shareholding of promoters and promoter group entities also fell to 63.39 per cent from 70.39 per cent.

SBI MF bought 9.32 lakh shares, representing a 1.54 per cent stake in DOMS Industries, while Axis MF acquired 3.61 lakh shares, or a 0.6 per cent holding in the firm.

The investors picked up the shares at an average price of Rs 2,200 apiece, taking the combined deal value to Rs 284.77 crore.

At the March quarter end, SBI Mutual Fund owned a 5.88 per cent stake while Axis MF had a 3.18 per cent holding in DOMS Industries.

Details of the other buyers of Doms Industries’ could not be ascertained on the exchange.

After the transaction, shares of DOMS Industries rose over 1 per cent to trade at Rs 2,356.20 apiece on Thursday.

In December 2024, FILA Group had divested a 4.6 per cent stake in DOMS Industries for Rs 798 crore.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)