F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. ("F.I.L.A." or the "Selling Shareholder"), announces today the launch of a placement of up to 2,773,407 equity shares of the Indian company DOMS Industries Limited ("DOMS" or the "Company") listed on BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE"), representing up to approximately 4.57% of the Company's equity share capital as of the date of this press release (the "Placement").
The Placement will be made by way of an accelerated bookbuilding process on the floor of the stock exchange(s).
The bookbuilding process will commence immediately. The Selling Shareholder reserves the right to change the terms or timing of the Placement at any time. The Selling Shareholder will announce the outcome of the transaction upon its completion.
The Placement is aimed at increasing the Company's free float, help enhancing its shares' liquidity and attracting new investors in the share capital. Upon completion of the Placement, F.I.L.A., which as of the date of this announcement holds approximately 30.58% of the Company's equity share capital, will reduce its stake up to a percentage not below 26.01%. Despite this reduction, the Company will continue to represent a long-term strategic investment and a key industrial partner for F.I.L.A., which, therefore, intends to keep its stake in the Company stable. As the Company's single largest shareholder upon completion of the Placement, F.I.L.A. will maintain its "relevant shareholder" status according to the current governance structure.
BNP PARIBAS and J.P. Morgan have been appointed to act as Joint Bookrunners in connection with the Placement.
In connection with the Placement, the Selling Shareholder has agreed to a 90-day lock-up period with respect to any remaining equity shares of the Company it will hold following the Placement.
Shares of DOMS Industries Limited was last trading in BSE at Rs. 3055.45 as compared to the previous close of Rs. 3050.75. The total number of shares traded during the day was 9188 in over 1570 trades.
The stock hit an intraday high of Rs. 3099.55 and intraday low of 2983.55. The net turnover during the day was Rs. 27968017.00. |
