FILA to offload 7% in DOMS Industries via Rs 892 cr block deal at 9.2% discount
Italian parent FILA is set to sell up to 4.25 million DOMS shares at a Rs 2,100 floor, a 9.24% discount to Tuesday's Rs 2,314 close. The Rs 892 crore exit comes as DOMS expands its stationery footprint via the $3.7 million Reynolds Pens India asset buy, leveraging a 145,000-outlet network. Street target stands at Rs 2,883.
FILA to sell up to Rs 892 crore stake (7%) in DOMS Industries via block deal at Rs 2,100 floor, a 9.2% discount. DOMS recently acquired Reynolds Pens India assets for $3.7 million to expand stationery portfolio across 145,000 outlets.