Cyril Amarchand Mangaldas (CAM), Khaitan & Co and Linklaters chart Italian stationary giant FILA Fabbrica Italiana Lapis ed Affini’s sale of 7% in Indian subsidiary DOMS Industries.
The sale conducted through a block trade on the National Stock Exchange of India and BSE will see FILA’s holdings in DOMS reduced to 19.1%.
“Trades of this nature require compliance with Indian and international requirements, which brings unique requirements in each trade, not only from the perspective of contractual safeguards but the execution of transaction documentation,” said Aashima Johur, lead partner for the CAM team.
FILA Fabbrica divested 4,248,184 shares in DOMS, representing around 7% of its issued and paid-up equity share capital, for INR9.35 billion (USD98.71 million).
The CAM transaction team advised the placement agents – BNP Paribas Securities India and JP Morgan India – on India laws, while Linklaters Singapore acted as international legal counsel. The CAM team comprised regional co-head of capital markets (north), Vishal Yaduvanshi, Johur and senior associate Adwait Deshmukh.
Khaitan & Co acted as Indian legal counsel for FILA Fabbrica, with the core team comprising partner Chirayu Chandani, assisted by principal associate Tishita Mukherjee, and associate Avantika Tanwar.
DOMS Industries is an Indian stationery and art materials manufacturing subsidiary of Italian giant FILA Fabbrica.
