The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RAN Ventures Pvt Ltd & PACs
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Zaggle Prepaid Ocean Services has informed the exchanges about a disclosure filed under SEBI's Takeover Regulations (Reg 29(2)) by RAN Ventures Pvt Ltd along with its Persons Acting in Concert. This regulation requires shareholders to disclose their buying or selling activity once their aggregate acquisition or sale crosses 2% of the company's share capital in a financial year. The filing indicates RAN Ventures and its PACs have crossed or are reporting a significant change in their holding in the company. The exact direction (acquisition or disposal) and percentage movement are not specified in the headline.
This is a mandatory regulatory disclosure and signals a notable shift in ownership by an existing large shareholder group. Retail investors should track follow-up filings for the exact buy/sell direction and percentage, as it could affect near-term share price sentiment and promoter/strategic holder confidence in the stock.