Timex Group Luxury Watches BV, the promoter of Timex Group India Ltd, has announced plans to sell a 4.47% stake in the company through an offer for sale (OFS) on the stock exchange on December 29 and 30.
The proposed sale will involve up to 45.09 lakh equity shares, representing 4.47% of the company’s paid-up equity capital as of September 30, 2025. The OFS will be conducted at a floor price of ₹275 per share, according to a regulatory filing by Timex Group India.
The offer will open for non-retail investors on December 29, while retail investors and eligible non-retail participants can bid on December 30. The promoter also holds an option to sell an additional 4.47% stake in case of oversubscription, potentially taking the total sale to nearly 8.93% of the company’s equity.
Also read: Timex India promoter to exercise oversubscription option in 15% stake sale via OFS
Kotak Securities has been appointed as the seller’s broker for the transaction. Timex Group India said the OFS will be carried out through a separate window on the BSE in line with SEBI regulations.
