The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shreeram Bagla
LCCINFOTEC · price
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Shreeram Bagla has acquired 71,30,000 equity shares (5.63%) of LCC Infotech Ltd through an off-market sale by way of takeover, between May 19 and May 20, 2025. Before this acquisition, Bagla held just 8,975 shares (0.0007%), and post-acquisition his holding stands at 71,38,975 shares, representing 5.64% of the total equity capital of 12,65,93,350 shares (face value Rs. 2 each). The acquirer is not part of the promoter or promoter group of the company. The disclosure was filed under Regulation 29(1) of SEBI (SAST) Regulations, 2011, which is triggered when a non-promoter crosses the 5% ownership threshold in a listed company.
This is a significant change in the shareholder base of LCC Infotech, with a single non-promoter entity now holding over 5% of the company. Shareholders should monitor for any further acquisitions by Bagla, as crossing the 5% mark triggers ongoing disclosure obligations and may indicate a larger strategic interest in the company.