RAN Ventures Private Limited, a Promoter Group entity of Zaggle Prepaid Ocean Services Limited, has disclosed the acquisition of an aggregate of 30,000 equity shares. The purchases occurred on February 20, 2026 (15,000 shares) and February 23, 2026 (15,000 shares) via the open market. This transaction slightly increased the Promoter Group’s voting rights percentage to 44.15% of the total equity share capital.
Substantial Acquisition Disclosure
RAN Ventures Private Limited submitted a formal disclosure regarding a substantial acquisition of shares in its portfolio company, Zaggle Prepaid Ocean Services Limited. The filing, dated February 24, 2026, confirms the acquirer belongs to the Promoter/Promoter group of the Target Company (TC).
Details of Share Transactions
The acquisition involved purchasing 30,000 equity shares in two separate tranches through the Open Market:
- February 20, 2026: 15,000 Equity Shares
- February 23, 2026: 15,000 Equity Shares
Prior to this acquisition, the total holding of the acquirer and Persons Acting in Concert (PACs) stood at 5,96,89,160 shares, representing 44.13% of the total share capital.
Post-Acquisition Shareholding Status
Following the purchase of 30,000 shares, the total holding of RAN Ventures Private Limited and its PACs increased to 5,97,19,160 shares, representing 44.15% of the total equity share capital. The percentage of total diluted share capital after the said acquisition stands at 44.07%.
The total equity share capital of Zaggle Prepaid Ocean Services Limited before and after the transaction remained at 13,44,51,967 Equity Shares of Rs. 1/- each, while the total diluted share capital stands at 13,55,10,168 Equity Shares of Rs. 1/- each.
Persons Acting in Concert (PACs)
The disclosure annexed a list identifying the Persons Acting in Concert (PACs) with the acquirer. The key individuals and entities identified as PACs include:
- Raj P Narayanam
- Avinash Ramesh Godkhindi
- Quadigo Ventures LLP
- Sumedha Rao
All listed PACs are categorized as PAC, while Ran Ventures Private Limited is the Acquirer.
Source: BSE
