Timex Group India Promoter to Sell 4.47% Stake via OFS at ₹275/Share

• Timex Group India's promoter company will sell 4.47% stake (45.09 lakh shares) through an Offer for Sale (OFS).
• The OFS floor price is set at ₹275 per share, below the current BSE share price of ₹351.75.
• Non-retail investors can bid on December 29; retail investors and eligible non-retail can bid on December 30.
• An option exists to sell an additional 4.47% stake if oversubscribed, potentially totaling 8.93% of equity.
• The company reported ₹243.67 crore revenue and ₹30.23 crore net profit in Q2 FY25, with shares up 1000% in 5 years.

Why It Matters: Timex Group India's promoter is offloading a significant stake via OFS, offering shares below market price.