Grow House Wealth Management Private Ltd has submitted to the Exchange a copy of pre-offer advertisement cum corrigendum to the detailed public statement and Draft letter of offer to the public shareholders of the company.
LCCINFOTEC · price
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Grow House Wealth Management Pvt Ltd, the manager to the offer, has submitted a pre-offer advertisement cum corrigendum to the Detailed Public Statement and Draft Letter of Offer on behalf of acquirer Mr. Kunjit Maheshbhai Patel. The open offer is for 4,38,34,271 equity shares (26% of the emerging voting share capital) of LCC Infotech at ₹3.55 per share, triggered under SEBI Takeover Regulations 3(1) and 4. The acquirer has already entered into a Share Purchase Agreement to acquire 4,20,00,000 shares (24.31%) from existing promoters, which triggered this mandatory open offer. Post-offer, the acquirer's total holding would rise to approximately 50.31%, indicating a change of control. The advertisement was published on April 2, 2026 in Financial Express, Jansatta, Mumbai Lakshadeep, and Duranta Barta.
This is a change-of-control open offer. Existing public shareholders of LCC Infotech can tender their shares at ₹3.55 each during the offer window (open from April 13, 2026 to April 20, 2026). The promoter group will be substantially diluted, with new acquirer Mr. Kunjit Patel taking majority control of the company.