Latest Timex Group India News & Updates

Timex Group India Shares Plummet Due to Promoter’s Discount Offer

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Mumbai, Dec 29 (IANS) Shares of Timex Group India fell sharply in early trade on Monday, after the company’s promoter launched a two-day offer for sale (OFS) at a steep discount. The stock dropped nearly 10 per cent in the morning session — reflecting selling pressure triggered by the OFS announcement.The share price of Timex Group India slipped as much as 9.6 per cent to an intra-day low of Rs 318.The decline came after the promoter fixed the OFS floor price at a significant discount to the …