Timex Group India hits 10% lower circuit as top shareholder to sell up to 4.47% stake at 22% discount

Timex Group India share price

The shares of Timex Group India dropped 10 percent to hit the lower circuit on December 29 after the company announced that its parent company is planning to sell some stake in the firm at a steep discount.

The shares of the popular watch-maker and retailer in India were locked in the 10 percent lower circuit at Rs 316.60 apiece in the morning of Monday. The stock is up more than 56 percent in 2025 so far.

Promoter Timex Group Luxury Watches BV to sell some stake:

In an exchange filing released in the post-market hours of December 26, Timex Group India announced that its promoter Timex Group Luxury Watches BV is proposing to sell up to 45 lakh shares, representing 4.47 percent stake in the company, through an offer for sale of shares between December 29-30.

The offer for sale will also consist of a green shoe option of an additional 4.47 percent equity stake (45.09 lakh shares), taking the proposed OFS size to 8.93 percent. The floor price has been fixed at Rs 275 per share, implying a discount of 22 percent over the stock’s previous closing price of Rs 351.75 per share.

According to data on the company’s shareholding patterns as on September 30, 2025, promoters and promoter groups held 59.93 percent stake in the company, while the rest of the 40.07 percent stake was held by the public.

Timex Group India share price history:

Timex Group India shares have fallen more than 3 percent in the past one month, but gained over 47 percent in the past six months. The stock jumped over 63 percent over the past one year, and rallied 1,088 percent in the past five years.

Its P/E ratio stands at around 57, and market capitalisation at Rs 3,196.08 crore.

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