GVP Infotech's promoter, Linkstar Trust, offloaded 40 lakh equity shares in the open market, valued at approximately Rs 3.72 crore.

This strategic share sale aims to increase public shareholding, a key step towards achieving the mandated minimum public float.

Post-transaction, promoter holding reduced from 76.97% to 74.79%, with public shareholding now at 25.20%. This move enhances compliance and could broaden liquidity.