The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varun Rasiklal Thakkar
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Varun Rasiklal Thakkar, a Promoter of Gravity India Limited, sold 1,63,477 equity shares (face value Rs. 10 each) in the open market on 20 August 2025. This sale represents 1.8160% of the company's total share capital. As a result, his shareholding in Gravity India declined from 7,06,448 shares (7.8477%) to 5,42,971 shares (6.0317%). The total equity share capital of the company remains unchanged at Rs. 90,01,950 divided into 90,01,950 equity shares. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a promoter stake sale exceeding 1%, which may be viewed negatively by the market as it signals a reduction in promoter holding. The promoter's stake has now dropped to around 6%, indicating limited promoter control, which could affect investor confidence.