Vijay Kedia buys Rs 33 crore stake in Zaggle Prepaid Ocean Services via bulk deal, stock skyrockets 17%
Zaggle Prepaid Ocean Services shares surged after Kedia Securities, owned by investor Vijay Kedia, acquired 20 lakh shares, or a 1.48% stake, through a bulk deal at Rs 164.72 apiece. The purchase came a day after the stock fell 20% following weak Q1 FY27 earnings.
Ace investor Vijay Kedia’s firm, Kedia Securities, recently acquired a stake in Zaggle Prepaid Ocean Services, a digital expense management and SaaS solutions company. The firm purchased 20 lakh shares of the company for Rs 33 crore via a bulk deal on Tuesday, causing the stock to rise by 17% on Wednesday. The average price Kedia Securities paid for each share was Rs 164.72, which is less than 1% below the day's closing price of Rs 165.88.
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