Disclosure Under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011
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Mr. Jay Thakkar, classified as a promoter of Gravity (India) Limited, sold 19,607 equity shares on 29 April 2025 through the open market. This represents 0.2178% of the company's total share capital. Following this sale, his holding reduced from 42,107 shares (0.4678%) to 22,500 shares (0.25%). The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction reflects a continued reduction of the promoter's stake in the company.
This is a small individual promoter sell of 0.22%, which on its own is unlikely to move the stock price materially. However, it signals that the named promoter is reducing exposure, so retail investors should watch for any further or larger promoter sell-offs in upcoming disclosures.