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 his entire holding of 71,30,000 equity shares (5.63% of the company) through an off-market Share Purchase Agreement dated 24 July 2024, with the actual sale executed on 30 May 2025 and 2 June 2025. Before the sale, he held 71,30,000 shares (5.63%); after the sale, his holding stands at Nil (0%). The transaction was carried out off-market rather than on the exchanges. LCC Infotech has a total equity share capital of 12,65,93,350 shares of Rs.2 each. This effectively marks a complete exit of this promoter from the company.
This is a significant negative signal — a promoter has fully exited the company, which may erode investor confidence. Shareholders should watch for any further disclosures on who bought the stake and whether remaining promoters still control the company.