The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prashant Lakhotia
LCCINFOTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 4.4 pts more than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.