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Zaggle Block Deal: 1.8% equity worth over ₹67 crore changes hands
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Zaggle Block Deal | The official buyers and sellers of the block deal are not yet known. The promoter and promoter group hold 43.93% shareholding in the company, as per the latest BSE data.
As many as 22.27 lakh shares, or 1.8% equity of Zaggle Prepaid Ocean Services Ltd, worth over ₹67.3 crore changed hands at ₹302 apiece in block deals on Thursday, May 2.
The official buyers and sellers of the block deals are not yet known
The promoter and promoter group hold 43.93% shareholding in the company, as per the latest BSE data.
On another note, a couple of weeks ago Zaggle partnered with Yokohama India Private Limited to provide its Zaggle Save service for employee expense management and benefits. The domestic agreement spans two years.
In April, the Hyderabad-based B2B SaaS fintech firm also forged a strategic alliance with Hyperface, a credit cards as a service (CCaaS) platform to enhance co-branded corporate credit cards by integrating multi-wallet functionalities.
The company began trading on the bourses at 164 per share, which was the same as its IPO price, on September 22, 2023.
The company is among a small number of uniquely positioned players with a diversified offering of fintech products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners, a diversified portfolio of SaaS, including tax and payroll software, and a wide touchpoint reach.
ZPOSL is placed at the intersection of the SaaS and fintech ecosystems, and its SaaS platform is designed for business spend management (including expense management and vendor management); rewards and incentives management for employees and channel partners; and gift card management for merchants, which it refers to as customer engagement management system (CEMS).
Zaggle shares were trading 0.31% higher at ₹303 apiece at 9.45 am. The stock has gained 91.35% since its listing last year.
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