Disclosure under Regulation 29(2) of SEBI ( Sustantial Acquisition of shares and Takeovers Regulations) 2011 - Varunbhai Thakkar
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Promoter Varun Rasikial Thakkar sold 1,63,477 equity shares (1.8160% of total capital) of Gravity India Limited in the open market on 20-08-2025, on behalf of himself and persons acting in concert. Before the sale, the promoter held 7,06,448 shares (7.8477%); after the sale, his holding stands reduced to 5,42,971 shares (6.0317%). The filing is a mandatory disclosure under Regulation 29(2) of SEBI Takeover Regulations, 2011. The company's total equity share capital remains unchanged at 90,01,950 shares of Rs. 10 each.
Promoter trimming stake by nearly a quarter of his earlier holding could be viewed negatively by retail investors, as it may signal reduced promoter confidence. Post-sale, the promoter's holding remains well below 50%, leaving the company with no promoter majority on the cap table.