Timex Group India shares experienced a significant decline, falling nearly 10 percent on December 29. This drop was triggered by the company's promoter, Timex Group Luxury Watches BV, launching an Offer for Sale (OFS) to divest up to 8.93 percent of its stake. The OFS, priced at Rs 275 per share, represents a substantial discount of approximately 22 percent to the previous closing price, leading to investor sell-off and a lower circuit for the stock.