Joint Venture30 Jan 2026, 06:03 pm
DOMS Industries Ltd Forms Joint Venture with Seven SpA, a F.l.L.A. - Fabbrica Italiana Lapis Ed Affini S.p.A., Group Company
AI Summary
DOMS Industries Ltd has formed a 50:50 Joint Venture Company (JVC) in India with Seven SpA, a F.l.L.A. - Fabbrica Italiana Lapis Ed Affini S.p.A., Group Company. The JVC will focus on backpacks, pencil cases and bags, and will supply products for the benefit of the F.I.L.A. Group globally as well as support in the development of a differentiated range of products for the Indian market. The initial investment in the JVC shall be up to INR 15,00,00,000/-, with contribution from both the joint venture partners proportional to their shareholding in the JVC. The JVC formation and execution of the joint venture agreement are targeted for completion by June 30, 2026.
Key Highlights
- DOMS Industries Ltd and Seven SpA, a F.l.L.A. - Fabbrica Italiana Lapis Ed Affini S.p.A., Group Company, have formed a 50:50 Joint Venture Company (JVC) in India.
- The JVC will focus on backpacks, pencil cases and bags.
- The JVC will supply products for the benefit of the F.I.L.A. Group globally as well as support in the development of a differentiated range of products for the Indian market.
- The initial investment in the JVC shall be up to INR 15,00,00,000/-, with contribution from both the joint venture partners proportional to their shareholding in the JVC.
- The JVC formation and execution of the joint venture agreement are targeted for completion by June 30, 2026.