Timex Group India shares crash nearly 10%; here’s why

Shares of Timex Group India declined by a massive 10% in early trade on Monday, December 29, as the two-day offer for sale (OFS) by the promoter of the company kicked off today, with the floor prices fixed at a steep 22% discount against the last closing price.

Timex Group India share price declined as much as 9.6% to the day’s low of 318.

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