Khaitan & Co advised F.I.L.A (Fabbrica Italiana Lapis Ed Affini S.p.A) on the secondary sale of its equity shares in DOMS Industries for an aggregate consideration of INR 934.74 crore. Cyril Amarchand Magaldas acted as the Indian legal counsel to the placement agents including BNP Paribas Securities India and J.P. Morgan India with respect to the sale of equity shares of DOMS Industries on this transaction. Linklaters acted as the international counsel to the placement agents on this transaction.
F.I.L.A has sold 4,248,184 equity shares of DOMS Industries (approx. 7.00 percent of the equity share capital of the DOMS Industries) for an aggregate consideration of INR 934.74 crore.
The shares were sold in two tranches at a price range of INR 2,200.07 to INR 2,200.55 per share, and FILA’s holding in DOMS fell from 26.01 percent to 19.01 percent after the transaction.
On the buyer side, SBI Mutual Fund and Axis Mutual Fund together picked up about 2.13 percent of DOMS for roughly INR 284.77 crore, buying shares at around INR 2,200 apiece.
DOMS, headquartered in Umbergaon, Gujarat, makes stationery and art products, and FILA remains a significant promoter even after trimming its stake, retaining about 19 percent and continuing as the single largest shareholder.
Khaitan’s deal team included partner Chirayu Chandani, principal associate Tishita Mukherjee and associate Avantika Tanwar.
CAM’s team included regional co-head capital markets – North Vishal Yaduvanshi, parnter Aashima Johur, and senior associate Adwait Deshmukh.
