The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Timex Group Luxury Watches B V
TIMEX · price
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Timex Group Luxury Watches B V, the promoter of Timex Group India, has sold 9,018,500 equity shares (8.93% of paid-up capital) through an Offer for Sale on the stock exchange on December 29 and 30, 2025. The sale was conducted via BSE's designated OFS window, with 8,116,650 shares allotted to non-retail investors and 901,850 shares to retail investors. After the sale, the promoter's stake in Timex Group India has dropped from 59.93% (60,503,000 shares) to 51.00% (51,484,500 shares). The company's total share capital remains unchanged at 100,950,000 equity shares of face value ₹1 each.
This is a significant promoter dilution of nearly 9%, though the promoter retains majority control above 51%. The OFS mechanism means shares were sold to public investors at a set price, which may create short-term supply pressure but improves public float and liquidity. Shareholders should watch the OFS issue price for valuation cues.