Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011 - Dakshaben Thakkar
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Ms. Dakshaben Rasiklal Thakkar, a promoter of Gravity (India) Limited, sold 121,336 equity shares (1.3479% of total capital) on 8 May 2025 through the open market. Her holding fell from 871,751 shares (9.6840%) to 750,415 shares (8.3361%) after the sale. The disclosure was filed under SEBI's Takeover Regulations. Total share capital of the company remains unchanged at 90,01,950 shares.
Promoter trimming stake by over 1% in a single transaction may be viewed negatively by retail investors as it signals reduced promoter confidence, though the sale was via open market and the promoter still holds above 8% in the company.