Archive · 29 Dec 2025
Timex Shares Drop 10% on OFS
Timex Group India's shares dropped by nearly 10% on Monday, December 29.
This happened because the company's promoter started selling a large number of shares at a big discount.
The promoter is selling about 90.19 lakh shares, which is 8.93% of the company's total shares.
The sale is happening over two days, with the first day for big investors and the second day for regular people and those big investors who didn't get all the shares they wanted on the first day.
The lowest price the shares reached was ₹318.
The promoter is exercising their right to sell more shares than initially planned, which has led to a further decline in the share price.
Timex Group India shares fell by 9.6% to ₹318 on December 29.
The decline is due to a two-day OFS by the promoter, Timex Group Luxury Watches B V.
The promoter is selling 90.19 lakh shares, representing 8.93% of the total shares.
The OFS is open from December 29 to December 30, with different days for non-retail and retail investors.
The floor price for the OFS is set at a 22% discount against the last closing price.
- Who
- Timex Group India and its promoter, Timex Group Luxury Watches B V
- What
- A significant decline in share price due to an offer for sale (OFS) by the promoter
- When
- December 29-30
- Where
- Indian stock market
- Why
- The promoter is offloading shares at a 22% discount, leading to a drop in share price
Promoter's Perspective
Investor's Perspective
OFS Execution
Promoter's Perspective
The promoter is exercising their right to sell shares to potentially raise significant capital.
Investor's Perspective
Investors may view the OFS as a sign of the promoter reducing their stake, which could impact market confidence.
Share Price Impact
Promoter's Perspective
The promoter benefits from selling shares at a discounted price to meet their financial goals.
Investor's Perspective
Investors face a decline in share value, which may lead to concerns about the company's stability.
- Company
- Timex Group India
- Share Price Decline
- 9.6%
- Lowest Price
- ₹318
- OFS Duration
- December 29-30
- Shares to be Sold
- 90.19 lakh
- Percentage of Total Shares
- 8.93%
- Discount on Floor Price
- 22%
- Promoter
- Timex Group Luxury Watches B V
