Zaggle Promoter Entity Ups Stake Amid Bearish Stock Momentum
by Shrishti Bisht · Inc42SUMMARY
- RAN Ventures Private Limited, a promoter group entity of fintech SaaS company Zaggle, has acquired additional shares of the company via the open market route amid a sharp decline in its stock price
- In an exchange filing, the company said that RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%
- Prior to the transaction, the promoter entity held 5.97 Cr shares and convertible instruments in the company