Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011 - Dakshaben Thakkar
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On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ms. Dakshaben Rasiklal Thakkar, classified as a promoter of Gravity (India) Limited, sold 200,000 equity shares through the open market on 6 June 2025. This represents 2.2217% of the company's total share capital. Before the sale, she held 319,805 shares (3.5526%); after the sale, her holding stands at 119,805 shares (1.3309%). The company has filed this disclosure with BSE under SEBI Takeover Regulations to comply with disclosure obligations for promoter stake changes exceeding 2%.
The promoter has reduced her stake by nearly two-thirds, which could be interpreted as a mild negative signal regarding insider confidence. However, the sale is small relative to the overall float, so immediate price impact is likely limited. Retail investors should watch for any further promoter selling or buying activity.