The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kirti Lakhotia
LCCINFOTEC · price
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Awaiting price reaction for this filing.
Promoter Kirti Lakhotia has sold all 2,25,55,734 equity shares (17.82% of the company's voting capital) in LCC Infotech Ltd, completely exiting the company. The sale was executed off-market through a Share Purchase Agreement dated 24th July 2024, with the transaction reportedly completed on 10th June 2025. Before the sale, the promoter held 17.82% of the company; after the sale, his holding stands at 0%. The company's total equity share capital is 12,65,93,350 shares of Rs. 2 each. The filing was made under Regulation 29(2) of SEBI's Takeover Regulations, 2011, which is mandatory for any promoter dealing of 1% or more.
A complete exit by the promoter is a strongly negative signal — it removes insider skin-in-the-game and may weigh on the stock price. Retail investors should watch for who the buyer is and any further disclosures, as a 17.82% off-market transfer could trigger an open offer obligation under takeover norms.