Gravity Promoter Varun Rasiklal Thakkar Reduces Stake by 1.82%
Varun Rasiklal Thakkar, a key promoter of Gravity, has sold 163,477 equity shares (1.82% of total share capital) in an open market transaction. His shareholding has decreased from 7.85% (706,448 shares) to 6.03% (542,971 shares). The company's total equity share capital remains unchanged at Rs. 9,00,19,500. The transaction was disclosed in compliance with SEBI regulations.
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Gravity has reported a significant change in its promoter shareholding. Varun Rasiklal Thakkar, a key promoter of the company, has reduced his stake through an open market transaction.
Transaction Details
Thakkar sold 163,477 equity shares of Gravity, representing approximately 1.82% of the company's total share capital. The shares, each with a face value of Rs. 10.00, were sold in the open market.
Impact on Shareholding
Following this transaction, Thakkar's holding in Gravity has decreased substantially:
| Aspect | Before Sale | After Sale |
|---|---|---|
| Shares Held | 706,448 | 542,971 |
| Percentage Holding | 7.85% | 6.03% |
This represents a net reduction of 1.82% in Thakkar's stake in the company.
Company Capital Structure
The sale has not affected Gravity's overall equity structure. The company's total equity share capital remains unchanged at Rs. 9,00,19,500, comprising 90,01,950 equity shares with a face value of Rs. 10.00 each.
Regulatory Compliance
The transaction was disclosed in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Thakkar, as a promoter of Gravity, filed the necessary disclosures with the BSE Limited, where the company is listed.
About Gravity
Gravity is a publicly traded company listed on the BSE Limited. The company's shares are actively traded on the exchange, allowing for such open market transactions by promoters and other shareholders.
Investors and market participants are advised to take note of this change in the promoter's shareholding pattern, as it may have implications for the company's ownership structure.
Historical Stock Returns for Gravity
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.86% | +11.47% | +10.40% | +36.09% | +58.62% | +439.06% |
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