Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011 - Varun Thakkar
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Mr. Varun Rasiklal Thakkar, Managing Director and Promoter of Gravity (India) Limited, has sold 230,677 equity shares representing 2.5625% of the company's total capital on 13 May 2025. Prior to the sale, he held 937,125 shares (10.41%), and post-sale his holding has come down to 706,448 shares (7.85%). The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations to the BSE.
This is a notable promoter exit reducing his personal stake by nearly a quarter of his holding, which retail investors typically view as a cautious signal given that insiders are reducing exposure.