The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shreeram Bagla
LCCINFOTEC · price
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Shreeram Bagla, a non-promoter acquirer, has purchased 46,30,000 equity shares (3.66% of total share capital) of LCC Infotech Ltd via an off-market share purchase agreement dated 24/07/2024, with the actual acquisition taking place on 30/05/2025. Prior to this acquisition, Bagla held 71,38,975 shares (5.64%), which has now increased to 1,17,68,975 shares (9.30%) post-acquisition. The acquirer has explicitly confirmed he is not part of the promoter or promoter group. The total equity share capital of the company stands at 12,65,93,350 shares of Rs. 2 each.
A non-promoter entity has moved closer to the 10% creeping acquisition threshold under SAST regulations, which may necessitate an open offer trigger if crossed further. Retail investors should monitor whether this stake increase signals any strategic interest or potential block deal activity in this micro-cap stock.