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Timex Group India Ltd raises Rs 298.15 crore via preferential issue
Timex Group India Ltd has raised Rs 298.15 crore through a preferential allotment of shares to FIIs, DIIs and HNIs. The company issued 10,40,000 equity shares of face value Rs 10 each at a price of Rs 288.70 per share, including a premium of Rs 278.70 per share.
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Timex Group India Ltd Q2 results: Net profit up 28% to Rs 64.83 crore
Timex Group India Ltd has reported a 28% increase in its net profit to Rs 64.83 crore for the quarter ended September 30, 2022, as compared to Rs 50.55 crore in the same quarter last year.
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Timex Group India Ltd signs licensing agreement with NBA
Timex Group India Ltd has signed a licensing agreement with the National Basketball Association (NBA) to design, develop, and distribute NBA-branded watches and accessories in India.
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Timex Group India Ltd to invest Rs 500 crore in manufacturing unit in Assam
Timex Group India Ltd, a leading watchmaker, plans to invest Rs 500 crore in setting up a manufacturing unit in Assam. The unit will be located in the Kamrup district and will manufacture watches for the domestic and international markets. The investment is expected to create 1,000 jobs in the state.
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Timex Group India Ltd reports strong growth in Q3 FY23
Timex Group India Ltd, a leading watchmaker, reported strong growth in the third quarter of the current financial year (Q3 FY23). The company's net sales grew by 12% year-on-year to Rs 450 crore, while its net profit grew by 15% to Rs 50 crore. The growth was driven by strong demand for the company's watches in both the domestic and international markets.
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Timex Group India Ltd launches new smartwatch
Timex Group India Ltd, a leading watchmaker, has launched a new smartwatch called the Timex Helix. The smartwatch is equipped with a 1.4-inch AMOLED display, a heart rate monitor, a GPS tracker, and a long-lasting battery. The Timex Helix is available in a variety of colors and styles and is priced at Rs 10,000.