Introduction:
Leading digital payment solutions provider has entered into a strategic partnership with a technology firm to enhance its offerings. This collaboration aims to deliver innovative solutions, strengthen market position, and drive value for stakeholders through advanced services.
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Share price movement of Zaggle Prepaid:
On January 7, 2025, Zaggle Prepaid Ocean Services Limited opened at ₹539.85, up 1.98% from its previous close of ₹534.25. The stock reached a high of ₹548.00 (2.58%) and a low of ₹529.55. By 9:47 AM, it traded at ₹544.85, a 1.98% increase, with a market cap of ₹7,312.17 crore.
Zaggle Partners with Kiranakart Technologies:
Zaggle Prepaid Ocean Services Limited has signed a three-year customer service agreement with Kiranakart Technologies Private Limited. Zaggle will provide employee expense management and benefits solutions, including Zaggle Zoyer Petty Cash and Zaggle Save.
The agreement will see Zaggle offering its financial management platforms to Kiranakart Technologies, aimed at streamlining expense management and enhancing employee benefits. This strategic move aligns with Zaggle’s efforts to expand its offerings in the corporate sector, providing innovative financial solutions.
This partnership is expected to bolster Kiranakart Technologies’ operational efficiency and strengthen employee satisfaction. The deal, which falls under domestic business arrangements, reflects Zaggle’s commitment to delivering tailored solutions and driving growth within the Indian market.
Recent news on Zaggle Prepaid:
As of December 19, 2024, Zaggle Prepaid Ocean Services Limited announced the opening of its QIP issue at a floor price of ₹550.73, aiming to raise up to ₹950 crore to fund its strategic growth initiatives.
Ace investor holding in Zaggle Prepaid:
Ashish Kacholia
Renowned investor Ashish Kacholia holds a 2.37% stake in Zaggle Prepaid Ocean Services Limited, owning 2,903,356 shares valued at ₹157.7 crore. His investment underscores confidence in the company’s growth potential and strategic initiatives within the digital payments and technology sector.
Stock performance of Zaggle Prepaid for Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services Limited has delivered impressive returns, with a 2.87% gain over the past week, 78.8% over six months, and a remarkable 151% increase in one year, reflecting strong growth and investor confidence.
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Shareholding pattern of Zaggle Prepaid:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 43.90% | 43.90% | 43.90% |
| FII | 6.10% | 6.00% | 11.70% |
| DII | 10.70% | 7.30% | 6.50% |
| Public | 39.30% | 42.80% | 37.90% |
About Zaggle Prepaid:
Zaggle Prepaid Ocean Services Limited (NSE: ZAGGLE) develops innovative financial solutions to manage business expenses for corporates, SMEs, and startups. Headquartered in Hyderabad, it operates at the intersection of SaaS and Fintech, driving automation and efficiency.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
