India's Doms Industries fall after F.I.L.A sells 7% stake in co
BUZZ-India's Doms Industries fall after F.I.L.A sells 7% stake in co ** India's Doms Industries DOMS.NS down 2.6% at 2,256 rupees apiece--on track to snap three sessions of gains
** Stock set for highest percentage fall since March 26
** Italy-based F.I.L.A sold 4.2 mln equity shares of DOMS, representing about 7% of the company's equity share capital, for 9.34 billion rupees ($99.07 million)
** F.I.L.A sold shares at 2,200.34 per share, at a 5.8% discount to the DOMS closing price of 2,337.3 rupees on June 18
** After the sale, F.I.L.A's equity in the stationery maker will be reduced to about 19%; it remains the largest shareholder and maintains "promoter" status
** YTD, the stock is down 13.69%
($1 = 94.2775 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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