The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shreeram Bagla
LCCINFOTEC · price
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Shreeram Bagla, a non-promoter acquirer, has acquired 25,00,000 equity shares (1.97%) of LCC Infotech Ltd through an off-market Share Purchase Agreement dated 24 July 2024, with the transaction taking effect on 2 June 2025. This takes his total holding in the company from 1,17,68,975 shares (9.30%) to 1,42,68,975 shares (11.27%) of the paid-up equity capital. The total equity share capital of the company remains 12,65,93,350 shares of Rs 2 each. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which mandates reporting once an acquirer's holding crosses the 10% threshold.
This is a regulatory disclosure triggered because the acquirer's stake has moved past the 10% substantial shareholder mark. For shareholders, it signals that a non-promoter entity now holds a meaningful 11.27% stake in LCC Infotech through an off-market deal, but there is no immediate impact on stock price since it was a private transaction and does not involve promoter dilution.