The floor price for the offer for sale (OFS) shall be Rs 175 per equity share, the company informed in an exchange filing
Timex Group Luxury Watches BV is selling a 15 per cent stake in its Indian entity through an offer for sale (OFS). The floor price for the OFS shall be Rs 175 per equity share, the company informed in an exchange filing.
The OFS opens for non-retail investors on Wednesday and for retail investors on Thursday. The promoter proposes to sell up to 75,71,250 equity shares of face value of Rs one each, representing 7.50 per cent of the total issued and paid-up equity share capital of the company, with an option to additionally sell up to 75,71,250 equity shares (representing 7.50 per cent of the total issued and paid-up share capital of the company), under the oversubscription option.
“The offer shall take place over two trading days on a separate window of the stock exchanges on 25 June 2025 (T day) and 26 June 2025 (T+l day), from 9:15 am and shall close at 3:30 pm (Indian Standard Time) on both days,” it added.
Timex Group India informed in the exchange filing that the company has received a copy of the notice of Offer for Sale (OFS) from its promoter (Timex Group Luxury Watches BV), Netherlands, dated 24 June 2025, proposed to be undertaken through the stock exchange mechanism under the Securities and Exchange Board of India (Sebi) regulations
