RAN Ventures buys 16,900 shares, raises Zaggle stake

RAN Ventures Private Limited, a promoter group entity, acquired 16,900 equity shares of zaggle prepaid ocean services through the open market on June 19, 2026. This purchase increased the acquirer's total holding in the company to 44.30% of the total voting capital. The transaction was disclosed to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the acquisition, RAN Ventures held 5,95,46,789 shares carrying voting rights, representing 44.29% of the total share capital. The entity also held 3,52,734 warrants, which contributed to a total diluted holding of 44.20%. The recent purchase of 16,900 shares has adjusted these figures, bringing the post-acquisition voting rights to 44.30% and the diluted holding to 44.21%.

The equity share capital of Zaggle Prepaid Ocean Services Limited remained unchanged at 13,44,58,445 equity shares of ₹1 each before and after the transaction. However, the total diluted share capital stands at 13,55,16,646 equity shares, accounting for the outstanding convertible securities and warrants.

Acquisition Details

The following table outlines the changes in shareholding following the open market transaction:

Description	Number of Shares	% of Total Share Capital	% of Diluted Share Capital
Holding Before Acquisition
Shares carrying voting rights	5,95,46,789	44.29	43.94
Warrants/convertible securities	3,52,734	-	0.26
Total Before Acquisition	5,98,99,523	44.29	44.20
Acquisition Details
Shares acquired	16,900	0.01	0.01
Holding After Acquisition
Shares carrying voting rights	5,95,63,689	44.30	43.95
Warrants/convertible securities	3,52,734	-	0.26
Total After Acquisition	5,99,16,423	44.30	44.21

Persons Acting in Concert

The disclosure identified several Persons Acting in Concert (PAC) with the acquirer. These include Raj P Narayanam, Avinash Ramesh Godkhindi, Quadigo Ventures LLP, and Sumedha Rao. RAN Ventures Private Limited is classified as the acquirer belonging to the promoter group. The filing was signed by Raj P Narayanam, Director of RAN Ventures Private Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.61%	+0.31%	+0.09%	-40.35%	-49.11%	+32.71%

Zaggle Prepaid Ocean Services has entered into a 5-year co-branding agreement with Punjab National Bank to drive the acquisition, marketing, and promotion of a co-branded retail credit card product. The partnership, finalized on June 19, 2026, designates Zaggle as the co-branding partner and aims to leverage its existing corporate base to sell the new credit card offering.

Partnership Details

The agreement is a domestic contract awarded by Punjab National Bank, a public sector banking institution. Zaggle will be responsible for the marketing and promotional activities associated with the co-branded retail credit card. The deal is structured for a duration of 5 years, providing a sustained period for collaboration between the fintech firm and the bank.

Parameter	Details
Partner	Punjab National Bank
Nature of Agreement	Co-branding Agreement
Duration	5 Years
Objective	Acquisition, marketing, and promotion of Co-branded Retail Credit Card
Consideration	Leverage existing corporate base to sell cards

The disclosure was made to the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.