GVP Infotech Limited has informed the Exchange regarding 'GVP Infotech Limited has informed the Exchange regarding '' Sale of shares by promoters to achieve MPS.'.
GVPTECH · price
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GVP Infotech Limited, which came out of the corporate insolvency resolution process in 2020, has informed the exchange that its promoter — Mr. Dhaval Jitendrakumar Mistry (Trustee of Linkstar Trust) — intends to sell up to 40,00,000 equity shares (about 2.17% of paid-up capital) in the open market by 08 August 2025. This is to comply with SEBI's minimum public shareholding rules, which require the company to bring public holding to at least 25% by 6 September 2025. Currently the promoter group holds 76.97% of the company, and the company had already sold around 32.56 lakh shares in FY 2024-25. After this proposed sale, public shareholding is expected to rise to about 25.20%, meeting the required threshold.
The share sale will bring the company into compliance with the mandatory 25% public shareholding norm and slightly increase float for retail investors. However, the promoter will still control roughly 74.8% post-sale, and the open-market supply of around 40 lakh shares in a single day could create short-term selling pressure on the stock.