The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prashant Lakhotia
LCCINFOTEC · price
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On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.7 pts less than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prashant Lakhotia, classified as a promoter of LCC Infotech Ltd, has sold his entire holding of 64,195 equity shares, representing 0.05% of the company's total share capital. The transaction was executed off-market through a Share Purchase Agreement dated 24/07/2024, with the actual sale taking place on 10th June 2025. Post-transaction, his holding stands at nil, meaning he has completely exited the company. The total equity share capital of the company remains 12,65,93,350 shares of Rs.2 each, unchanged by this transaction. This disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a complete exit by a promoter, but the stake being sold is negligible (only 0.05%), so this is unlikely to have any meaningful impact on the stock price or shareholder structure. Retail investors should note this is a routine regulatory disclosure rather than a significant event.