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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Awaiting price reaction for this filing.
Nivaya Resources Pvt Ltd, part of the promoter/promoter group of GP Petroleums Ltd, sold 81,000 equity shares (0.1589% of total share capital) in the open market on 5 June 2025. Post this sale, Nivaya Resources' holding in the company reduced from 12,27,897 shares (2.41%) to 11,46,897 shares (2.25%). The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations. Total equity share capital of GP Petroleums stands at around 5.10 crore shares. This is a small, incremental reduction in promoter group stake.
The sale quantum is quite small (under 1% of capital) and is unlikely to materially impact the stock price. However, investors should monitor whether this signals a broader pattern of promoter trimming, even though a single small sale is not a cause for concern.