Archive · 26 Dec 2025
Timex Group Promoter to Sell 4.47% Stake via OFS
Timex Group Luxury Watches BV, which owns a big part of Timex Group India, is selling some of its shares.
They are selling 4.47% of the company, which is about 45.09 lakh shares.
The sale will happen on the stock exchange on December 29 and 30.
The price for each share is set at ₹275.
If there are more buyers than shares, they might sell even more shares, up to another 4.47%.
Kotak Securities is helping with this sale.
The sale is following the rules set by SEBI, the group that oversees the stock market in India.
Timex Group Luxury Watches BV plans to sell 4.47% stake in Timex Group India Ltd via OFS.
The OFS involves up to 45.09 lakh equity shares at a floor price of ₹275 per share.
The offer opens for non-retail investors on December 29 and for retail investors on December 30.
The promoter has an option to sell an additional 4.47% stake in case of oversubscription.
Kotak Securities is appointed as the seller’s broker for the transaction.
- Who
- Timex Group Luxury Watches BV, the promoter of Timex Group India Ltd
- What
- Sale of 4.47% stake via an offer for sale (OFS)
- When
- December 29 and 30
- Where
- Stock exchange (BSE)
- Why
- To sell a portion of the promoter's stake in the company
- Promoter
- Timex Group Luxury Watches BV
- Company
- Timex Group India Ltd
- Stake for Sale
- 4.47%
- Equity Shares
- 45.09 lakh
- Floor Price
- ₹275 per share
- OFS Dates
- December 29 (non-retail), December 30 (retail)
- Broker
- Kotak Securities
- Oversubscription Option
- Additional 4.47% stake