Finance
Italy's FILA raises $95 million from sale of shares in Indian unit
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
FILA sold 4.57% of its Indian unit shares, raising $94.6M to optimize its capital structure and pursue strategic goals, reducing its stake to 26.01%.
(Reuters) - Italian stationery maker FILA has completed the sale of around 4.57% of the outstanding shares in its Indian unit DOMS, raising the equivalent of 90.9 million euros ($94.6 million), it said on Thursday.
Through an accelerated bookbuilding process, FILA sold around 2.7 million shares at 2,879.29 Indian rupees ($33.84)each, equal to around 32.8 euros.
The offered price includes a premium for buyers, as the book value of a single share as of the end of 2023 was around 790 Indian rupees, corresponding to 8.64 euros per share, the company said.
Newly obtained liquidity will be used to optimise capital structure, and pursue FILA's strategic goals, it added.
Upon completion of the sale, the stationary maker's stake in the Indian business is reduced to 26.01%.
($1 = 0.9614 euros)
(Reporting by Michela Stasio; Editing by Mark Potter)
The main topic is FILA's sale of shares in its Indian unit DOMS, raising $95 million.
FILA raised approximately $94.6 million from the sale of shares.
The funds will be used to optimize capital structure and pursue strategic goals.
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