Disclosure under Regulation 7(2) Read with Regulation 6(2)-Continual Disclosure of SEBI (Prohibition of Insider Trading) Regulation, 2015 - Varunbhai Thakkar
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Gravity India Limited filed a continual disclosure under SEBI's Insider Trading Regulations (Reg 7(2) read with 6(2)) on behalf of its promoter, Varunbhai Thakkar (Form C). The filing reports the acquisition/disposal of promoter-held shares, with 21,810 shares disclosed as disposed and prior holdings of approximately 7,86,395 shares referenced. The transaction appears to involve inter se transfer or encumbrance changes between promoter persons, as referenced in the regulations. Details of pre- and post-transaction shareholding across promoter group entities have been disclosed to the stock exchange.
Routine regulatory insider trading disclosure by the promoter; impact on share price is typically negligible unless the size of transaction is material relative to promoter holding. Investors should check the total shares moved against overall promoter stake to gauge any signal.