India, May 19 -- 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%. Based on the stock's closing price yesterday (Rs.218.95), the promoter invested in Rs.2.2 Cr to acquire the shares.

Prior to the transaction, the promoter entity held 5.97 Cr shares and convertible instruments in the company. Post acquisition its total holding has now increased to 5.98 Cr securities.

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