Comments
Timex Group Luxury Watches BV, together with BP Horological Investors, LLC, BP Horological Holdings, LLC and Tanager Group BV, has made a mandatory open offer to shareholders of Timex Group India Ltd to acquire 2.53 crore shares, representing 25.07 per cent of the voting share capital, at ₹24.26 a share. Assuming full acceptance of the offer, the aggregate consideration payable to the public shareholders will be up ₹61.39 crore, the company said in a statement to stock exchanges. Shares of Timex group jumped 4.95 per cent to ₹26.50 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.