The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prashant Lakhotia
LCCINFOTEC · price
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LCC Infotech promoter Prashant Lakhotia has sold 46,30,000 equity shares (3.66% of the company's share capital) through an off-market share purchase agreement dated 24/07/2024, with the transaction effective 30/05/2025. His holding in the company dropped from 71,94,142 shares (5.68%) to 25,64,142 shares (2.02%). This is an inter-se transfer (off-market deal) rather than an open market sale, meaning shares moved to another party privately. The disclosure is filed under SEBI's Takeover Regulations to report the change in his substantial shareholding.
Existing public shareholders are unaffected directly as this was an off-market transfer between parties, but the promoter group's overall stake in LCC Infotech has reduced notably, which may raise governance questions about the promoter's commitment to the company.