Announced Fri, 28 Aug · 10:50 IST
Non-promoter Kunjit Patel hikes stake in LCC Infotech to 38.64% via off-market deal
LCCINFOTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹3.51
prior close
₹3.61
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.3+3.3+3.3+3.3+1.1+3.1+3.7+10.3+8.3+6.6+0.9———
Up moveDown movePending
AI summary
Kunjit Maheshbhai Patel, a non-promoter, acquired 2.31 crore equity shares (13.72%) of LCC Infotech via off-market share purchase agreement. His holding rose from 24.92% (4.20 crore shares) to 38.64% (6.51 crore shares) of the company. Total share capital remains unchanged at 16.86 crore shares of Rs 2 face value. No promoter or PAC status declared by the acquirer.
Likely market impact
Non-promoter acquirer now holds 38.64%, approaching regulatory thresholds that may trigger open offer obligations under SEBI SAST rules.