Timex India promoter to exercise oversubscription option in 15% stake sale via OFS

The OFS will comprise a base offer of 7.5% of the company’s equity, along with an additional 7.5% under the green shoe option. Shares of Timex Group India Ltd ended at ₹251, down by ₹13.20, or 5%, on the BSE today (June 25).

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