Timex Group India's shares fell 10% to the lower circuit on December 29 following an announcement by its parent company, Timex Group Luxury Watches BV. The parent plans to sell up to 4.47% stake, with an option for an additional 4.47%, at a floor price of Rs 275 per share. This price represents a 22% discount to the previous closing. Promoters currently hold nearly 60% of the company's shares.