Grow House Wealth Management Private Ltd has submitted to the Exchange a copy of Detailed public statement in terms of Regulation 3(1) and 4 Read with Regulation 13(4), 14(3) and 15(2) and other applicable regulations of the securities and exchange Board of India (SAST) Regulations, 2011, as amended, for the attention of the public shareholders of the company.
LCCINFOTEC · price
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Mr. Kunjit Maheshbhai Patel is making an open offer to acquire up to 4,38,34,271 equity shares (26% of the emerging voting share capital) of LCC Infotech Limited at ₹3.55 per share. This open offer follows a Share Purchase Agreement dated January 03, 2026, under which the acquirer will buy 5,80,42,357 shares (34.43%) from existing promoters Shreeram Bagla and Rachna Suman Shaw for ₹20.60 crore. After completion, Mr. Patel will hold 85.34% of the company and gain control, while the current promoters will exit. The acquirer has stated no intention to delist the company. The detailed public statement was published in Financial Express, Jansatta, Mumbai Lakshadeep, and Duranta Barta on January 09, 2026.
Shareholders can tender their shares at ₹3.55 per share during the tendering period. The change in control and promoter exit may bring new strategic direction, but high promoter post-acquisition stake (85.34%) could affect minority shareholder influence.