Disclosure under Regulation 29(2) of SEBI ( Sustantial Acquisition of shares and Takeovers Regulations) 2011 - Varunbhai Thakkar
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.4 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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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.