Non-Promoter Acquirer Buys Shares in Lippi Systems Ltd
Guttikonda Rajasekhar and Guttikonda Vara Lakshmi have acquired shares in Lippi Systems Ltd through an open market transaction. The acquisition, which took place on June 11, 2026, increased the combined holding of the two individuals to a total of 5.45% of the company’s diluted share capital.The acquirers, neither Guttikonda Rajasekhar nor Guttikonda Vara Lakshmi, are affiliated with any promoter or promoter group within Lippi Systems Ltd. The target company is listed on the BSE Limited. The transaction involved the purchase of shares in the open market.
Details regarding the acquired shares and the holdings before and after the transaction are summarized below:
| Details | Guttikonda Rajasekhar (GR) | Guttikonda Vara Lakshmi (GVL) | Total Acquired |
|---|---|---|---|
| Shares Carrying Voting Rights Acquired | 2,99,995 | 81,221 | 3,81,216 |
| Percentage (w.r.t. total diluted share/voting capital) | 4.29% | 1.16% | 5.45% |
Prior to this acquisition, the combined holding of Guttikonda Rajasekhar and Guttikonda Vara Lakshmi in Lippi Systems Ltd was NIL. Following the open market purchase, their total holding stood at 3,81,216 shares, equivalent to 5.45% of the company's diluted share capital.
The equity share capital of Lippi Systems Ltd before the acquisition was Rs. 7,00,00,000, representing 70,00,000 equity shares of Rs.10/-each. Post-acquisition, the total voting capital and equity share capital remained at Rs. 7,00,00,000 (70,00,000 equity shares of Rs.10/-each).
Stock Price Movement
Lippi Systems Ltd. shares settled at ₹146.05 on Friday after ticking up 5.00%. The stock showed significant intraday movement, trading within a band established by its low of ₹133.00 and high of ₹146.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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