Stake sale · Financial Services
Promoter entity buys 1 lakh shares on May 18 and 50,000 shares on May 19 in Zaggle stock
By Startup Enthusiast ·
- Date
- Company
- Zaggle
- What it does
- Corporate spend management platform
- Kind
- Stake sale
- Amount
- ₹3.2 Cr
- Founded
- 2011
- Sector
- Financial Services
What they do
Zaggle provides corporate expense and payment solutions for businesses
What happened
Promoter RAN Ventures bought 1 lakh shares on May 18 and 50,000 shares on May 19, totaling ₹3.2 Cr Stock price fell 13.4% over six trading sessions, but…
The details
- RAN Ventures purchased 1 lakh shares on May 18 for ₹2.2 Cr and 50,000 shares on May 19 for ₹1 Cr
- The promoter entity bought 1 lakh shares on May 18 for ₹2.2 Cr.
- Total investment in these two days was approximately ₹3.2 Cr.
- Stake rose to 44.26% after the May 19 purchase.
- Stock fell 4.03% to ₹211.9 on May 20.
- Shares dropped 13.4% over the previous six trading sessions.
- Stock hit a lower circuit on May 14 due to investor concerns.
- Q4 net profit was ₹40.6 Cr, up 30% year-on-year.
The bigger picture
- Investors are concerned about softening margins and weak cash flow.
- Management warned of near-term margin dilution after acquiring Dice Enterprises.
- Brokerage Equirus Securities highlighted weak operating cash flows.
- Elevated incentives and cashback expenses are weighing on profitability.
About the business
- It recently acquired Dice Enterprises for expansion.
- Operating revenue reached ₹617.9 Cr in Q4 ending March 2026.
- Revenue grew 50% year-on-year and 18% quarter-on-quarter.
- EBITDA margin narrowed to 9.4% from 9.9% sequentially.
- Integration pressures are expected to impact FY27 profitability.
- The company faces challenges with high cashback and incentive costs.
What happens next
- Company faces integration pressures from Dice Enterprises acquisition in FY27.
The deal
- Type
- open market purchase
Founders
- Raj P Narayanam, Founder Executive Chairman
About Zaggle
- Product
- Digital expense management and spend management SaaS platform
- Customers
- Mid to large enterprises managing corporate spending
- How it makes money
- SaaS subscription-based software solution
More on Zaggle
- Zaggle to contest tax ruling before appellate tribunal12 September 2026 · Legal
- Kedia Securities buys 1.5% stake in Zaggle via bulk deal19 August 2026 · Stake sale · ₹32.94 crore
- Zaggle Q1 profit falls 33% despite 28% revenue rise14 August 2026 · Results · ₹17.5 crore
- Zaggle buys 19.9% stake in Unobanc21 July 2026 · Stake sale · ₹7.96 Cr
- Zaggle shares fall 19% despite strong Q4 results13 May 2026 · Results
- Zaggle revises Dice acquisition to asset deal8 May 2026 · Acquisition · ₹68 Cr
- Zaggle posts strong Q3 profits and announces CFO change4 April 2026 · Results
- Zaggle publishes L&T AI strategy interview12 February 2026 · Analysis
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