RAN Ventures Private Limited, part of the Promoter Group of Zaggle Prepaid Ocean Services Limited, has bolstered its holding in the company. Through an open market purchase executed on May 20, 2026, the firm acquired 30,000 equity shares. This strategic move marginally increases the Promoter Group’s total stake in the organization, reflecting continued confidence in the company’s growth trajectory and future business prospects.
Strategic Share Acquisition
As part of its ongoing investment activities, RAN Ventures Private Limited has successfully completed the purchase of 30,000 equity shares of Zaggle Prepaid Ocean Services Limited. The transaction, conducted entirely through the open market on May 20, 2026, underscores the commitment of the Promoter Group to increase its interest in the company’s equity.
Impact on Shareholding Structure
Following this acquisition, the total shareholding of the Promoter Group, represented by RAN Ventures Private Limited and other entities acting in concert, has increased to 5,98,99,523 equity shares. This adjustment brings their total voting stake to approximately 44.29% of the target company’s equity capital. The acquisition was executed within the framework of the company’s existing capital structure, which remains at 13,44,58,445 total equity shares.
Key Participants
The acquisition was facilitated by RAN Ventures Private Limited in coordination with identified Persons Acting in Concert (PACs), including Raj P Narayanam, Avinash Ramesh Godkhindi, Quadigo Ventures LLP, and Sumedha Rao. This collaborative effort ensures that the Promoter Group maintains a strong and stable position in the governance and future direction of Zaggle Prepaid Ocean Services Limited.
Source: BSE
