Finance
Italian stationery maker FILA cuts stake in listed Indian unit DOMS
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
FILA is selling 4.57% of its shares in Indian unit DOMS to boost liquidity and attract investors, reducing its stake to no less than 26.01%.
(Reuters) - Italian stationery maker FILA has initiated the sale of up to 4.57% of shares in its Indian unit DOMS, it said on Wednesday.
The stake sale is being conducted through an accelerated bookbuilding (ABB) process starting on Wednesday, offering up to 2,773,407 ordinary shares in the Indian firm, FILA said.
"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," FILA said in a statement.
The Italian company, which listed its unit in India last December, holds about 30.58% of DOMS' share capital and is set to reduce its stake to no less than 26.01% following the completion of the placement that includes a 90-day lock-up period for the buyer.
FILA shares traded some 6% higher in Milan at 1210 GMT.
(Reporting by Romolo Tosiani; Editing by Keith Weir)
The main topic is FILA's sale of a 4.57% stake in its Indian unit DOMS to increase share liquidity and attract investors.
FILA aims to increase the free float of DOMS, improve share liquidity, and attract new investors.
FILA's stake in DOMS will be reduced to no less than 26.01% after the sale.
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