Announced Thu, 23 Jul · 13:12 IST
Zaggle invests Rs 7.96 cr in Unobanc, picks up 19.9% stake
Strategic Transactions View source PDF
ZAGGLE · price
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Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹203.35
prior close
₹201.07
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.1-0.2+0.4-1.0+0.2————————
Up moveDown movePending
AI summary
Zaggle Prepaid Ocean Services has invested Rs 7.96 crore in Unobanc Private Limited through a preferential issue on a private placement basis. The company received 62,188 equity shares of Rs 10 face value, giving it a 19.9% equity stake in Unobanc. This is a strategic minority investment in a private company, with no change in control.
Likely market impact
Minority strategic investment of nearly Rs 8 crore in Unobanc. Stake below 25% threshold, so no open offer triggered for shareholders.