Introduction:
Leading Ashish Kacholia company has secured two contracts with HT Media Limited and Neuroglia Health Private Limited. These agreements involve offering employee expense management and rewards platforms.
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Share price movement of Zaggle Prepaid Ocean:
On January 17, 2025, Zaggle Prepaid Ocean Services Ltd opened at ₹536.85, up 1.49% from its previous close of ₹528.95. The stock reached a high of ₹536.85 and a low of ₹519.60. By 09:15 AM, it traded at ₹536.45, a 1.47% increase, with a market cap of ₹7,065.23 crore.
Zaggle Secures Contracts with HT Media, Neuroglia:
Zaggle Prepaid Ocean Services Ltd. has entered into two separate agreements, one with HT Media Limited and the other with Neuroglia Health Private Limited. Both contracts focus on providing Zaggle’s services to manage employee-related benefits and rewards.
The agreement with HT Media involves the provision of the “Zaggle Save” platform for employee expense management and benefits, set for a two-year period. Meanwhile, the contract with Neuroglia Health centers on the “Zaggle Propel” reward platform, to be executed over one year.
Both contracts are domestic and unrelated to party transactions, underscoring Zaggle’s strategic focus on expanding its presence in the employee benefits and rewards sector. These agreements reflect the company’s growing influence in offering innovative financial solutions to businesses.
Recent news on Zaggle Prepaid Ocean:
December 19, 2024, Zaggle Prepaid Ocean Services Ltd announced the approval of its Qualified Institutional Placement (QIP) issue, offering equity shares at a floor price of ₹550.73. The company plans to raise up to ₹950 crore through this initiative.
Ace investor holding in Zaggle Prepaid Ocean:
Ashish Kacholia
Ashish Kacholia holds a 2.16% stake in Zaggle Prepaid Ocean Services Ltd, with 2,903,356 shares valued at ₹152.1 crore. This reflects his significant investment in the company’s growth and market potential.
Ajay Kumar Aggarwal
Ajay Kumar Aggarwal holds a 1.02% stake in Zaggle Prepaid Ocean Services Ltd, with 1,369,615 shares valued at ₹73.8 crore. His investment showcases confidence in the company’s growth prospects and market position.
Stock performance of Zaggle Prepaid Ocean for Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services Ltd has shown impressive returns, with a 1.79% increase over the past week. Over six months, the stock has surged by 76.8%, and in the past year, it has gained 144%, reflecting strong growth.
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Shareholding pattern of Zaggle Prepaid Ocean:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 40% | 43.90% | 43.90% |
| FII | 9% | 6% | 6% |
| DII | 14.70% | 10.70% | 7.30% |
| Public | 35.80% | 39.30% | 42.80% |
About Zaggle Prepaid Ocean:
Zaggle Prepaid Ocean Services Ltd. (NSE: ZAGGLE) offers innovative financial solutions for corporates, SMEs, and startups, specializing in automating business expense management through SaaS and fintech. Headquartered in Hyderabad, it simplifies workflows for financial 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.
