Timex Group India shares fell nearly 10 percent on December 29 after its promoter, Timex Group Luxury Watches BV, announced an Offer for Sale (OFS). The promoter plans to sell up to 4.47 percent stake, with an option to sell an additional 4.47 percent, at a floor price of Rs 275 per share. This price represents a discount of approximately 22 percent to the previous closing price, leading to investor sell-off and profit-booking. The OFS is open for non-retail investors on December 29 and for retail investors on December 30.