
Acquisitions25 Mar 2026, 05:01 pm
Kunjit Maheshbhai Patel to Acquire 26.00% Stake in LCC Infotech Ltd for ₹ 4.55/- per Share
AI Summary
Kunjit Maheshbhai Patel, referred to as the 'Acquirer', has submitted a Letter of Offer to the BSE for the attention of public shareholders of LCC Infotech Ltd, known as the 'Target Company'. The Acquirer aims to acquire 4,38,34,271 fully paid-up Equity Shares, representing 26.00% of the Target Company's Emerging Voting Share Capital, at a price of ₹ 4.55/- per share. This offer is not conditional upon a minimum level of acceptance and is not a conditional offer under Regulation 19 of the SEBI (SAST) Regulations. The offer is not a competing offer and is subject to all statutory approvals as may be required.
Key Highlights
- Kunjit Maheshbhai Patel to acquire 26.00% stake in LCC Infotech Ltd
- Offer price set at ₹ 4.55/- per fully paid-up Equity Share
- Not a conditional offer and not a competing offer
- Subject to all statutory approvals as may be required
- No minimum level of acceptance required