Source : investing, Tuesday, 2024/8/27
(NASDAQ:RDZN) Rohan Malhotra, the company’s chief executive officer, recently increased his stake in the company by purchasing additional shares. Over the course of two separate deals, Malhotra acquired a total of 595 shares, valued at US$984..
The first transaction, on August 22, 2024, involved the purchase of 250 shares at a price of $1.62 per share. Following this first acquisition, Malhotra made a subsequent purchase on August 23, 2024, adding 345 shares to his holdings. The shares in the second transaction were purchased at prices ranging from $1.60 to $1.79, at a weighted average price of $1.68, as shown in the detailed footnotes in the SEC file..
These transactions resulted in Malhotra’s direct ownership of 765,930 ordinary shares in Roadzen Inc. In addition, it is linked to indirect holdings through entities in which he has significant influence or financial interest, as detailed in the footnotes to the SEC report. It should be noted that Malhotra has disavowed the ownership of the shares held by these entities except to the extent of his financial interest..
Malhotra’s latest purchases are a notable development for Roadzen investors, as executives’ deals are often closely watched to see how confident they are in the company’s future prospects..
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