Ventureast Completes A Block Deal To Sell 22.2 Lakh Zaggle Shares Worth INR 67.26 Cr.

The shares that flooded the market were gobbled up by ICICI Prudential, ACM Global Fund, Astorne Capital, and Tara Emerging Asia Liquid fund.

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Ventureast Completes A Block Deal To Sell 22.2 Lakh Zaggle Shares Worth INR 67.26 Cr.

The shares that flooded the market were gobbled up by ICICI Prudential, ACM Global Fund, Astorne Capital, and Tara Emerging Asia Liquid fund.

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The block deal comes only days after brokerage Equirus Securities launched coverage on Zaggle with an INR 400 price objective, a 30% increase over the stock’s last closing on May 3.

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Early-stage venture capital firm Ventureast sold 22.27 lakh shares of fintech SaaS startup Zaggle in a block sale valued INR 67.26 crore.

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According to NSE records, Ventureast Proactive Fund LLC sold the shares for INR 302 each on Thursday (May 2).

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ICICI Prudential, ACM Global Fund, Astorne Capital, and Tara Emerging Asia Liquid Fund all bought up the newly available shares.

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While ICICI Prudential acquired 11.58 lakh shares for roughly INR 35 crore, ACM Global purchased 4.06 lakh shares for INR 12.26 crore.

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