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  3. LCC Infotech Limited Completes Allotment of 20.61 Crore Convertible Warrants on Preferential Basis
ipo services in India
India IPO
  • 11 Mar 2026
  • X
 LCC Infotech Limited Completes Allotment of 20.61 Crore Convertible Warrants on Preferential Basis

LCC Infotech Limited completed the allotment of 20,60,79,171 convertible warrants on preferential basis to 40 non-promoter investors at Rs. 4.55 per warrant on 11th March 2026. The company received Rs. 23,44,15,058 as subscription amount, with each warrant convertible into one equity share within 18 months. Major allottees include Kushang Surendrakumar Thakkar, Thakor Nayana Chandubhai, and Aanshi Tradelink, each receiving 1,95,00,000 warrants representing 5.20% post-conversion shareholding.

LCC Infotech Limited Completes Allotment of 20.61 Crore Convertible Warrants on Preferential Basis

LCC Infotech Limited Completes Convertible Warrants Allotment

LCC Infotech Limited has announced the successful completion of its convertible warrants allotment on a preferential basis.

The Board of Directors approved the allotment of 20,60,79,171 convertible warrants to 40 non-promoter investors during their meeting.

About the Convertible Warrants Allotment:

  • Number of Warrants Allotted: 20,60,79,171 convertible warrants
  • Beneficiaries: 40 non-promoter investors
  • Purpose: Preferential basis allotment

The allotment of convertible warrants marks a significant milestone for LCC Infotech Limited, providing an opportunity for non-promoter investors to participate in the company's growth.

The company's commitment to expanding its investor base and promoting growth through strategic initiatives remains a key focus area.

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