Timex Promoter Sells 4.47% Stake via OFS at ₹275/Share

• Timex Group Luxury Watches BV to sell 4.47% stake in Timex Group India Ltd.
• Offer for Sale (OFS) scheduled for December 29 and 30.
• Floor price set at ₹275 per share for up to 45.09 lakh equity shares.
• Non-retail investors bid on Dec 29, retail and eligible non-retail on Dec 30.
• Option to sell additional 4.47% stake if oversubscribed, total up to 8.93%.

Why It Matters: Timex Group promoter is offloading a significant stake via OFS, potentially increasing public float.