The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jay Thakkar
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Jay Thakkar sold 20,184 equity shares of Gravity India Ltd (representing 0.2242% of the company's total capital) in the open market on May 8, 2025. This sale wiped out his entire previous holding in the company, leaving him with zero shares post-transaction. The disclosure was filed under SEBI (SAST) Regulation 29(2) and also under the Insider Trading Regulations. The company's total equity/voting capital stood at 9,001,950 shares both before and after the transaction.
The stake sold is very small (just 0.22%), so direct impact on the stock price is likely limited. However, a promoter completely exiting their position — even a small one — can be read as a mild negative signal about insider confidence in the company.