Disclosure under Regulation 7(2) read with Regulation 6(2) - Continual Disclosure of SEBI (Prohibition of Insider Trading) Regulation, 2015 - Varun Thakkar
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Awaiting price reaction for this filing.
Gravity India Ltd has filed a disclosure under SEBI's Prohibition of Insider Trading Regulations regarding a sale of shares by Mr. Varun Rasiklal Thakkar. He sold 230,677 equity shares on 13 May 2025, which represents 2.5625% of the company's total share capital. The disclosure was submitted under Regulation 7(2) read with Regulation 6(2), which mandates continual disclosure of insider share transactions. The company's Company Secretary, Geetanjali Malik, has forwarded this filing to BSE for their records.
An insider sale of over 2.5% of equity is a notable divestment and could be viewed negatively by the market, potentially putting short-term pressure on the stock price. Retail investors should monitor for further disclosures to gauge whether more selling is expected.