Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011
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Ms. Shraddha Varun Thakkar, identified as an immediate relative of the promoter/promoter group of Gravity India Limited, sold 99,990 equity shares (1.1108% of total capital) through the open market on 29 April 2025. Following this sale, her holding reduced from 2.1959% (197,674 shares) to 1.0851% (97,684 shares). The disclosure was filed with BSE under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
A promoter group relative offloading 1.11% stake in the open market may raise mild concern among investors, as it could be interpreted as a sign of reduced confidence, though her remaining holding is small and no broader promoter stake change is reported in this filing.