Ventureast has divested a 1.8 per cent stake in Zaggle Prepaid Ocean Services for Rs 67 crore through an open market transaction. As per data on the National Stock Exchange (NSE), Bengaluru-based Ventureast through its affiliate Ventureast Proactive Fund LLC offloaded 22.27 lakh shares, amounting to a 1.8 per cent stake in Zaggle Prepaid Ocean Services.
The shares were disposed of at an average price of Rs 302 apiece, taking the deal value to Rs 67.26 crore. After the stake sale, Ventureast's shareholding in Zaggle Prepaid Ocean Services declined to 1.82 per cent from 3.64 per cent.
Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with it Customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.
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