Disclosure under Regulation 7(2) read with Regulation 6(2) Continual Disclosure of SEBI (Prohibition of Insider Trading) Regulations, 2015
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Awaiting price reaction for this filing.
Mr. Samir Rasiklal Thakkar, classified as a Promoter of Gravity (India) Limited, sold 88,368 equity shares on the stock exchange on April 29, 2025. This represents 0.9816% of the company's total share capital. The transaction was executed on-market at a total value of approximately ₹4,02,074.40. Following the sale, the promoter appears to hold no further shares in the company (form shows post-disposal holding as nil). The disclosure was filed under SEBI's Prohibition of Insider Trading Regulations to keep the stock exchange informed of the change in promoter holding.
This is a complete promoter exit by Samir Thakkar, who held ~0.98% of the company and has now sold the entire stake. While the sale size is small relative to the company's overall capital, it signals a promoter reducing their commitment, which retail investors should note as a potential sentiment indicator.