The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rachna Suman Shaw
LCCINFOTEC · price
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Rachna Suman Shaw has acquired 8,221,343 equity shares (6.50%) of LCC Infotech Ltd through an off-market sale by way of takeover, as disclosed under SEBI SAST Regulation 29(2). Her total holding has risen from 20,795,448 shares (16.42%) to 29,016,791 shares (22.92%) of the company's paid-up equity capital of 12,65,93,350 shares of Rs. 2 each. The acquirer is not classified as part of the promoter/promoter group. The acquisition was completed on 10 June 2025, with the disclosure filed on 11 June 2025.
This is a significant non-promoter creeping acquisition pushing the acquirer's stake to 22.92%, nearing the 25% open-offer trigger threshold under SAST rules. Shareholders should watch for any further acquisitions that could trigger a mandatory open offer, while the off-market nature of the deal suggests a negotiated block transfer rather than open-market buying pressure on the stock price.