The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik 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 0.7 pts less than Nifty Microcap 250 and in line with 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.
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.