Pursuant to Regulation 30 of the SEBI(LODR) Regulation 2015, we hereby inform you that the Company has received a copy of Notice of Offer for Sale (OFS) from its Promoter i.e,. Timex Group ....
TIMEX · price
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Timex Group India Limited has informed the exchanges that its promoter, Timex Group Luxury Watches B.V. (Netherlands), is undertaking an Offer for Sale (OFS) through the stock exchange mechanism. The promoter proposes to sell up to 75,71,250 equity shares (7.50% of paid-up capital) as the base offer size, with a green-shoe option for an additional 7,571,250 shares (another 7.50%), taking the total potential size up to 15% of the company's share capital. The floor price for the OFS is set at Rs. 175 per share, with bidding on June 25, 2025 for non-retail investors and June 26, 2025 for retail investors. Kotak Securities is acting as the Seller's Broker, and the offer will be conducted on both BSE and NSE.
This is a promoter stake sale that increases the float of the stock, which is typically a short-term supply-pressure event and can weigh on the stock price around the OFS window. However, it is a routine capital markets activity and does not affect the company's operations or fundamentals.