RAN Ventures Private Limited, a key member of the promoter group, has increased its stake in Zaggle Prepaid Ocean Services Limited by acquiring 1,00,000 equity shares from the open market. The transaction, completed on May 18, 2026, signifies the promoter group’s continued confidence in the company’s growth trajectory. Following this acquisition, the promoter group’s total shareholding in the company has risen, reflecting a strengthened commitment to the organization’s long-term vision.
Strategic Open Market Acquisition
RAN Ventures Private Limited has successfully executed an acquisition of 1,00,000 equity shares of Zaggle Prepaid Ocean Services Limited. The shares were purchased through the open market on May 18, 2026. As an integral part of the promoter group, this move underscores the firm’s strategic interest and confidence in the ongoing performance and future potential of the company.
Impact on Shareholding Structure
Following this latest transaction, the promoter group’s holding in Zaggle Prepaid Ocean Services Limited has been adjusted to 5,98,19,523 equity shares. This acquisition effectively brings the promoter group’s shareholding percentage to 44.23% of the total voting capital. The company maintains an equity share capital of 13,44,58,445 shares with a face value of Rs. 1/- each, while the total diluted share capital stands at 13,55,16,646 shares.
Parties Involved
The acquisition was carried out by RAN Ventures Private Limited. The group acts in concert with several entities and individuals, including Raj P Narayanam, Avinash Ramesh Godkhindi, Quadigo Ventures LLP, and Sumedha Rao. These entities collectively contribute to the promoter group’s consolidated interests within the organization.
Source: BSE
