Shares of Timex Group India Ltd. Plunge 5% to Rs 251, Hit Lower Circuit Following Promoter's 15% Stake Sale Announcement

New Delhi, June 25, 2025 – Timex Group India Ltd.’s stock dropped 5% to Rs 251 and hit the lower circuit after the company announced that its promoter would sell 15% of its shares.

On Wednesday, Timex Group India Ltd.’s stock fell sharply by 5% to Rs 251, hitting the lower circuit limit. This happened after the business said that its promoter, Timex Group Luxury Watches B.V. from the Netherlands, will sell a 15% interest in the company through the Offer for Sale (OFS) process.

According to an exchange filing, the proposed sale of the stake, which is worth about Rs 132 crore, would take place on June 25 and 26. The big drop in the share price was because investors were worried about the effect on control and the company’s future after hearing about a big dilution of the promoter interest.

Timex shares were selling at Rs 251 per by 1:00 p.m. IST, which was a full 5% drop from the closing price the day before. The NSE Nifty 50 index, on the other hand, was up 0.55%, which shows that the drop was only in certain stocks and not in the market as a whole.

Key Highlights:

• Stake Sale: 15% equity offload via OFS route
• Estimated Value: Rs 132 crore
• OFS Dates: June 25 and 26, 2025
• Stock Reaction: Hit 5% lower circuit, traded at Rs 251
• Benchmark Comparison: Nifty 50 gained 0.55% during the same session

Market participants will be closely watching institutional and retail participation in the OFS over the next two days as it could determine the near-term outlook for the stock.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations