The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sidharth Lakhotia
LCCINFOTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Sidharth Lakhotia has sold his entire holding of 71,30,000 shares (5.63% of total equity capital) in LCC Infotech Ltd through an off-market share purchase agreement dated 24 July 2024, with the transaction executed on 19 and 20 May 2025. Before the sale, he held 71,30,000 shares (5.63%); after the sale, his holding stands at Nil, meaning he has completely exited the company. The company has a total equity share capital of 12,65,93,350 shares of Rs. 2 each. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011, as is mandatory when a promoter crosses disclosure thresholds.
This is a complete exit by a promoter, which may signal lack of confidence and could weigh negatively on retail investor sentiment. Existing shareholders should monitor for any new promoter or large acquirer stepping in, as the change in ownership could affect future strategic direction.