DOMS slides 5% as Fila offloads ~Rs 892 crore stake via block deal
Italian promoter Fila likely trimmed up to 7% in DOMS Industries at a Rs 2,100 floor, sending shares to Rs 2,200. The stationery major recently posted 18.7% YoY Q4 revenue growth and bought Reynolds Pens India assets for $3.7M to widen its pen portfolio across 145,000 outlets.
DOMS shares fell 5% as promoter Fila offloaded ~Rs 900 crore stake via block deal at Rs 2,100 floor. Stationery maker posted 18.7% Q4 revenue growth and recently acquired Reynolds Pens India assets for $3.7M to expand pen portfolio.