DOMS jumps 8% on Reynolds India buyout, expands writing instruments play
DOMS Industries acquired Reynolds India's pens, markers and school supplies business from Newell Brands for $3.7M upfront, deepening its writing portfolio. Stock rose 7.4% to ₹2,275.70 as the deal lands amid FY26 revenue of ₹2,326.4 cr (+21.6%) and a planned ₹250-275 cr FY27 capex.
DOMS Industries shares jumped 8% after acquiring Reynolds India's pens, markers and school supplies business from Newell Brands for $3.7 million upfront, expanding its writing instruments portfolio amid an aggressive multi-year capex expansion.