Doms Industries fell 4.33% to Rs 2923 after the company’s holding business, FILA, announced the sale of 4.57% of the company’s equity share capital under the accelerated bookbuilding process (ABB). FILA, an Italian stationery producer, would sell 27.73 lakh shares, or 4.57% of its investment, when the one-year lock-in period expires. Upon completion of the share sale, F.I.L.A., which now holds about 30.58% of the company’s equity share capital, will cut its position to no less than 26.01%.
FILA cuts stake in listed Indian unit DOMS
On Wednesday, Italian stationery manufacturer FILA said that it has started selling up to 4.57% of the shares of its Indian subsidiary DOMS. According to FILA, the stake sale is being carried out through an accelerated bookbuilding (ABB) process that began on Wednesday and offers up to 2,773,407 common shares in the Indian company. “The placement is aimed at increasing the free float of the company, improving the liquidity of its shares and attracting new investors to the share capital,” a statement from FILA stated.
About the Company -Doms Industries Ltd
As a Private Limited Company, Doms Industries Private Limited was first established as Writefine Products Private Limited on October 24, 2006, by the Gujarat Dadra and Nagar Haveli Registrar of Companies. After that, on April 21, 2017, the company’s name was changed to DOMS Industries Private Limited in Ahmedabad. The name was changed to DOMS Industries Limited upon the company’s conversion to a Public Limited Company, and on August 3, 2023, the RoC issued a new Certificate of Incorporation to the company. The establishment of the Partnership Firm R.R. in 1973 marks the beginning of the company’s history.
Industries was founded by the late Rasiklal Amritlal Raveshia and Mansukhlal Jamnadas Rajani, and it manufactured and sold pencils and crayons. In 2005, certain members of the Promoter Group formed another partnership firm, S. Tech Industries, to manufacture and sell polymer-based scholastic stationery.
