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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Promoter Prashant Lakhotia has sold 24,99,947 equity shares of LCC Infotech Ltd, reducing his stake from 2.02% (25,64,142 shares) to just 0.05% (64,195 shares) of the company. The sale was executed off-market through a Share Purchase Agreement dated 24/07/2024, with the transaction dated 03/06/2025. The equity share capital of the company remains unchanged at 12,65,93,350 shares of Rs.2 each. This is a near-complete exit by the promoter from his holding in the company.
This signals a major exit by a key promoter, with stake reduced by roughly 1.97 percentage points to a negligible 0.05%. Retail investors may view this negatively as promoter exits often erode confidence, though the off-market SPA nature suggests a private buyer has taken the shares on board.