Promoters currently hold 59.93 per cent stake in the company. The OFS will be conducted on the BSE in line with SEBI norms.
Timex Group Luxury Watches BV, promoter of Timex Group India Ltd, has launched an offer-for-sale to sell a 4.47 per cent stake in the company through the stock exchange on December 29 and 30.
The promoter will sell 45.09 lakh shares, representing 4.47 per cent 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.
Currently, promoters hold 59.93 per cent stake in the company.
The offer will open for non-retail investors on December 29, while retail investors can bid on December 30. The promoter also has an option to sell an additional 4.47 per cent stake in the event of oversubscription, potentially bringing the total sale to nearly 8.93 per cent of the company’s equity.
Kotak Securities has been appointed as the seller’s broker for the transaction. Timex Group India said the OFS will be conducted through a separate window on the BSE, in line with SEBI regulations.
Earlier in June, Timex Group Luxury Watches BV had divested about 1.51 crore shares of the Indian company, representing 15 per cent of its total paid-up equity share capital through the OFS route.
Shares of Timex Group India closed 0.59 per cent higher at ₹351.75 on the BSE.
Published on December 26, 2025
