The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajat Agrawal & PACs
GRAVITA · price
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Promoter Rajat Agrawal, along with Persons Acting in Concert (Dr. Mahavir Prasad Agarwal and Agrawal Family Private Trust), has sold 25,00,000 equity shares (3.39%) of Gravita India Limited through the open market on 23rd May, 2025. The transaction was disclosed to BSE and NSE under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the sale, the promoter group's shareholding has reduced from 35.77% (2,63,99,789 shares) to 32.38% (2,38,99,789 shares). No encumbrance (pledge) details were involved in this transaction.
Open-market selling by a promoter of over 3% stake is typically viewed as a cautious signal by the market, as it may suggest the insider finds current valuations reasonable for partial profit booking. However, the promoter group retains a significant 32.38% stake, indicating continued long-term commitment, so the immediate downside pressure on share price is likely limited.