The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kirti Lakhotia
LCCINFOTEC · price
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Awaiting price reaction for this filing.
Promoter Kirti Lakhotia has sold 1,36,65,501 equity shares (10.79% of total share capital) of LCC Infotech Ltd through an off-market Share Purchase Agreement dated 24/07/2024, with the transaction recorded on 02/06/2025. Before the sale, the promoter held 3,62,21,235 shares (28.61% stake), which has now reduced to 2,25,55,734 shares (17.82% stake). This is a significant reduction in promoter holding by nearly 11 percentage points. The total equity share capital of the company remains unchanged at 12,65,93,350 shares of Rs.2 each.
The promoter's stake has dropped well below the 50% threshold to 17.82%, which could affect promoter control and may lead to governance concerns or trigger open offer obligations for the acquirer depending on the buyer. Shareholders should monitor for any further disclosures from the acquirer and watch for potential stock price volatility due to this large off-market block deal.