Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011
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Mr. Samir Thakkar, a promoter of Gravity (India) Limited, sold 100,000 equity shares (1.1109% of total capital) through open market on BSE on April 28, 2025. Before the sale, he held 188,368 shares (2.0925%); after the sale, his holding dropped to 88,368 shares (0.9817%). The disclosure was filed under SEBI Takeover Regulations 2011. The total share capital of the company remains unchanged at 19,001,950 shares.
This is a promoter selling more than 1% of his stake in the open market, which retail investors may view as a mildly negative signal about insider confidence, though the seller remains a promoter with a small residual holding.