In compliance with Regulation7(2)(b) of the SEBI (Prohibition of Insider Trading ) Regulations 2015, please find attached the information received under Regulation 7(2) (a) of the said ....
TIMEX · price
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Awaiting price reaction for this filing.
Promoter Timex Group Luxury Watches B.V. (Netherlands) sold a total of 9,018,500 equity shares (~8.93% stake) in Timex Group India through an Offer for Sale (OFS) on BSE across two days. On December 29, 2025, 8,116,650 shares (8.04%) were sold to non-retail investors, raising about ₹263.6 crore. On December 30, 2025, 901,850 shares (0.89%) were sold to retail investors at a clearing price of ₹337.30 per share, raising about ₹30.5 crore. The OFS, announced on December 26, 2025, was for up to 9,018,500 shares with a floor price of ₹275. Post-sale, the promoter's holding fell from 59.93% (60,503,000 shares) to 51.00% (51,484,500 shares), though it remains the majority owner. Total aggregate raised was approximately ₹294 crore (gross of charges).
Despite the promoter trimming its stake by nearly 9 percentage points, it continues to hold a majority 51% in the company, so control is unchanged. The OFS increases the public float, which is generally positive for liquidity, but a large promoter sell-down at floor price of ₹275 (with retail clearing at ₹337.30) reflects the parent monetising part of its investment and may cap near-term upside sentiment.