Bank of Nova Scotia Discloses Passive Stake in Roadzen Inc.

TL;DR

**Bank of Nova Scotia holds Roadzen (RDZN) shares, but this filing is old news from Dec 2022.**

AI Summary

The Bank of Nova Scotia, a major Canadian bank, filed an SC 13G on January 3, 2024, disclosing its ownership of Class A ordinary shares in Roadzen Inc. (RDZN). This filing indicates that the bank held these shares as of December 30, 2022, and is a passive investor, not seeking to influence management. This matters to investors because it signals that a large institutional investor sees value in Roadzen, potentially boosting confidence, but also highlights that this is a historical snapshot from over a year ago.

Why It Matters

This filing shows a significant institutional investor, The Bank of Nova Scotia, holds a stake in Roadzen Inc., which can be a positive signal for other investors, though the information is over a year old.

Risk Assessment

Risk Level: low — This filing indicates a passive institutional investment, which generally poses low risk to existing shareholders.

Analyst Insight

A smart investor would note the institutional interest from The Bank of Nova Scotia but recognize that the disclosed ownership date of December 30, 2022, makes this information historical. Further due diligence on Roadzen's current financials and recent institutional activity would be prudent before making investment decisions.

Key Players & Entities

• Roadzen Inc. (company) — the subject company whose shares are being reported
• The Bank of Nova Scotia (company) — the reporting person disclosing its ownership
• December 30, 2022 (date) — the date of the event requiring the filing
• Class A ordinary share (company) — the type of security held by The Bank of Nova Scotia
• $0.0001 (dollar_amount) — par value per share of Roadzen Inc. Class A ordinary shares

FAQ

Key Financial Figures

• $0.0001 — uer) Class A ordinary share, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• rdzn_122223.htm (SC 13G) — 26KB
• 0001085146-24-000002.txt ( ) — 28KB

(a)

ITEM 1(a). NAME OF ISSUER: ROADZEN INC.(RDZN), FORMALLY VAHANNA TECH EDGE ACQUISITION I CORP(VHNA)

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 111 Anza Blvd., Suite 109, Burlingame, California 94010, FORMALLY 1230 Avenue of the Americas, New York, New York 10020

(a)

ITEM 2(a). NAME OF PERSON FILING: The Bank of Nova Scotia

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 40 Temperance Street, Toronto, Ontario, M5H 0B4

(c)

ITEM 2(c). CITIZENSHIP: Canada

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class A ordinary share, par value $0.0001 per share

(e)

ITEM 2(e). CUSIP NUMBER: G7606H108 (formally G9320Z109) ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [X] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: g ITEM 4. (a) Amount beneficially owned: 1,041,318 (b) Percent of class: 5.2% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 1,041,318 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 1,041,318 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of

View Full Filing

View this SC 13G filing on SEC EDGAR