Pursuant to Regulation 30 of the SEBI (LODR) regulations, 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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Promoter Timex Group Luxury Watches B.V. (Netherlands) is selling up to 4,509,250 equity shares (4.47% of paid-up capital) through an Offer for Sale on BSE, with a floor price of ₹275 per share. An oversubscription option allows the promoter to sell an additional equal tranche, taking the total potential sale to up to 8.93% of paid-up capital. The OFS will run on December 29, 2025 for non-retail investors and December 30, 2025 for retail investors, with Kotak Securities as the Seller's Broker. No retail discount is being offered, and retail investors can bid up to ₹2 lakh in value. Settlement will follow standard SEBI OFS guidelines through the stock exchange window.
This is a promoter stake sale, which usually increases short-term share supply and can put mild pressure on the stock price around the OFS dates. Existing shareholders are not directly affected company-wise, but they should be aware of reduced promoter holding post-OFS.