The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik Lakhotia
LCCINFOTEC · price
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Pratik Lakhotia, a promoter of LCC Infotech Ltd, has sold 71,30,000 equity shares (5.63% of the company) through an off-market Share Purchase Agreement dated 24/07/2024, with the actual transfer taking place on 30/05/2025 and 02/06/2025. Before the sale, he held 74,88,205 shares (5.91%); after the sale, his holding drops to just 3,58,205 shares (0.28%). The total equity share capital of the company remains unchanged at 12,65,93,350 shares of Rs. 2 each. This is a significant exit by the promoter, retaining only a token stake in the company.
This is a major promoter exit, reducing his stake from 5.91% to a negligible 0.28%, which may be viewed negatively by retail investors as it signals promoter disinterest and could weigh on the stock price. The off-market nature of the deal means shares have shifted to a specific buyer rather than the open market.