The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nivaya Resources Pvt Ltd
GULFPETRO · price
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Nivaya Resources Pvt Ltd, part of the promoter group of GP Petroleums, sold 99,000 shares (0.19% of total equity) through the open market on June 10, 2025. After the sale, its holding in the company came down from 974,895 shares (1.91%) to 875,895 shares (1.72%). The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations. GP Petroleums has a total share capital of about 5.1 crore shares, which remained unchanged after this transaction.
This is a small promoter group stake sale of less than 0.2% of equity, so it is unlikely to materially affect share price or promoter control. Retail investors should treat this as routine disclosure rather than a meaningful change in ownership.