Luxury watches of the Timex Group BV global group of global watches will sell a 15 % share in its Indian entity through an offer for sale (ASS).
The price of the floor for the ofs will be of RS 175 per share action, which is 33 % lower than the closing price of the Tuesday of RS 264.20.
The ASS should open for investors not to receiver on Wednesday and for retail investors on Thursday. The offer will be open to BSE and the National Stock Exchange, he added.
Timex Group India has received a notice of notice of ASS from his promoter Timex Group Luxury Watchs BV, the Netherlands, dated 24 June 2025, according to a regulatory deposit.
“The promoter proposes to sell up to 75.71 Lakh share actions of nominal value of 1 each, which represent 7.50 percent of the total share capital and paid the company on 25 June 2025 and on June 26, 26,2025 with an option to also sell up to 75.71 shares Lakh …”, he said. Timex Group Luxury Watches BV has a participation of 74.93 percent in the Timex India group as in March 2025.
In the financial exercise closed in March 2025, the revenues of the Timex India group were at RS 538.10 Crore.
In India, the Timex brand is its main objective and the main commercial collaborator, other brands such as Helix and Tmx are growing.
According to the company’s latest annual report, also sells watches from other brands in the fashion and luxury segment, including Guts, GC, Nautica, Furla, Ted Baker, Adidas Originals, Philipp Plein, Plein Sport, UNLTD, UCB, Versace and Salvatore Ferragamo.
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