Trilegal advises Timex Group on ₹315 crore stake sale

Trilegal has advised Timex Group Luxury Watches B.V., Netherlands in relation to its offer for sale of equity shares of Timex Group India Limited through the stock exchange mechanism.

The offer for sale aggregated 15,142,500 equity shares of the Company having face value of ₹1 each (representing 15.00% of the total issued and paid-up equity share capital of the Company) for a total consideration of ₹315.35 crore.

The Trilegal Capital Markets team advising on the mandate was led by Abhinav Maker (Partner) and supported by Ajo Jomy (Counsel) and Ipsita Sahoo (Associate).

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