Timex Group India Limited announced a private placement to issue 10.25% 27,315,264 Cumulative Redeemable Non-Convertible Preference Shares at an issue price of INR 10 per share for the gross proceeds of INR 273,152,640 on August 23, 2023. The transaction will include participation from returning investor Timex Group Luxury Watches B.V. The transaction has been approved by the shareholders of the company.