According to latest reports from CNBC-TV18 and Business Standard, FILA (Fabbrica Italiana Lapis Ed Affini) successfully executed a block deal on Wednesday, June 17, selling 44.1 lakh shares or 7.3% equity in DOMS Industries worth ₹980.6 crore. The deal was executed at a floor price of ₹2,100 per share, representing a 9% discount to the previous close. The base offer comprised 5.2% equity with an upsize option of another 1.8%, while FILA will retain 19% stake after the transaction, which will be locked-in for a 90-day period. JPMorgan and BNP Paribas have been appointed as bankers for the deal. At the end of the March quarter, promoter FILA held 26.01% stake in the company, as per exchange data. However, DOMS Industries shares tumbled as much as 4.92% to ₹2,200 on Wednesday, before recovering to trade at ₹2,302.50, down 0.50% at 10:16 AM. The stock recovered from intraday lows, with combined nearly 5.7 million equity shares worth about ₹1,251 crore changing hands on NSE and BSE during the session.
As reported by CNBC-TV18, shares of DOMS Industries closed 2.3% higher at ₹2,322.40 on Tuesday's trading session, ahead of the proposed transaction. The stock opened at ₹2,280 and traded in a range of ₹2,240 to ₹2,337 during the session. Looking at its 52-week performance, the stock has touched a low of ₹2,023.90 and a high of ₹2,770, with a 2.48% decline on a year-on-year basis. The company's market capitalization stands at ₹13,974.70 crore with a P/E ratio of 65.29. The stock has increased 1.7% in the past month but remains down 10.7% this year. At prevailing levels, the stock found support around the ₹2,050 levels last week and has since staged a recovery, as per Business Standard.
According to Business Standard, the stock has been under pressure after touching an all-time high of ₹3,115 in December 2024, entering a corrective phase thereafter. However, it found support around the ₹2,050 levels last week and has since staged a recovery. Harish Jujarey, AVP and head – technical equity research at Prithvi Finmart, identifies the ₹2,050–₹2,000 zone as likely to act as a key support area. On the upside, immediate resistance is seen around ₹2,430, near the 200-day moving average, followed by ₹2,500, which coincides with a downward-sloping trendline resistance. As long as the stock trades below ₹2,500, the primary trend is likely to remain sideways to negative, with a decisive move above ₹2,500 potentially signaling a fresh leg of rally.
According to CNBC-TV18 and Business Standard, the company entered into an asset purchase agreement with Reynolds Pens India Pvt Ltd and other entities of the Newell Brands group to acquire assets and liabilities related to the manufacture and sale of pens, markers, highlighters and school supplies under the Reynolds brand. The transaction comprises an upfront consideration of $3.7 million, excluding inventory value. The acquisition includes an itemised transfer of plant and machinery, moulds, contracts and social media accounts from RPI; copyrights, trademarks and domain names from LBS; and patents and designs from SLP. The transaction was informed to exchanges on June 10, with the aggregate consideration excluding inventory. The acquisition is set to broaden the company's product portfolio and strengthen its presence in the market across writing instruments and school supplies.
As reported by CNBC-TV18, DOMS reported a 17.2% year-on-year increase in fourth-quarter net profit to ₹56.7 crore, while revenue rose 18.7% to ₹604 crore. For the full year, revenue from operations grew 21.6% to ₹2,326.4 crore, exceeding management guidance. As of March 31, 2026, DOMS had a cash balance of ₹61.8 crore and generated operating cash flow of ₹254.3 crore during FY26. Management has guided for capital expenditure of ₹250-275 crore in FY27 and indicated that the company will remain in a high-capex phase over the next three years as it develops its 45-acre manufacturing facility and newly acquired land.
