Disclosure under Regulation 29(2) of SEBI ( Substantial Acquisition of Shares and Takeover) Regulation 2011 - Dakshaben Thakkar
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Daksha Rasiklal Thakkar, a promoter of Gravity India Limited, sold 1,19,805 equity shares on 21 August 2025 through the open market. This represents 1.3309% of the company's total share capital. Before the sale, she held 1,19,805 shares (1.3309%); after the sale, her holding stands at zero, meaning she has fully exited her position in the company. The total equity share capital of the company remains unchanged at Rs. 9,00,19,500 (90,01,950 shares of Rs. 10 each).
A complete exit by a promoter can be viewed negatively by the market as it may signal a loss of confidence, though the stake size here is small. Investors should watch for further promoter activity to gauge overall promoter sentiment toward the company.