Introduction:
Ashish Kacholia stock has secured a one-year agreement with Tech Mahindra to provide its Spend Management Dashboard, Zatix. This partnership enhances corporate and purchase card expense tracking, reinforcing its position in financial technology solutions and expanding its presence in enterprise spend management.
Share Price movement of Zaggle Prepaid Ocean Services:
On March 6, 2025, Zaggle Prepaid Ocean Services Ltd opened at ₹368.00, reaching a high of ₹377.40, hitting a 5% upper circuit from its previous close of ₹360.35, and a low of ₹362.65. The stock is currently trading at ₹367.85, with a market cap of ₹4,936.74 crore.c
Zaggle Prepaid Ocean Services hits 5% upper circuit:
Zaggle Prepaid Ocean Services Limited has entered into an agreement with Tech Mahindra Limited for its Spend Management Dashboard, Zatix. This platform will enhance Tech Mahindra’s visibility on corporate and purchase card expenditures, issued in collaboration with SBI Cards, improving financial tracking.
The domestic contract is set for a one-year period, ensuring streamlined expense management for Tech Mahindra. This agreement highlights the increasing adoption of digital financial solutions to optimize business expenses and strengthen corporate financial oversight using advanced data analytics and automation.
The contract does not fall under related party transactions and has no promoter interests involved. This collaboration reinforces Zaggle’s role in financial technology solutions, expanding its market presence while helping enterprises achieve better financial control and efficiency.
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Recent news About Zaggle Prepaid Ocean Services:
On February 24, 2025, Zaggle Prepaid Ocean Services Limited partnered with Gujarat International Finance Tec-City Company Limited (GIFTCL) to provide CoBrand Pre-Paid Citizen Cards and Visitor Management solutions under a five-year domestic contract, reinforcing its expertise in fintech and enterprise solutions.
Ace investor holding of Zaggle Prepaid Ocean Services:
Ashish Kacholia holds a 2.16% stake in Zaggle Prepaid Ocean Services Ltd., owning 2,903,356 shares valued at ₹106.8 crore. His investment highlights confidence in the fintech sector. However, his holdings saw a slight decrease of 0.21% from the previous quarter.
Ajay Kumar Aggarwal holds 1,349,615 shares of Zaggle Prepaid Ocean Services, representing 1.01% of the company. The investment is valued at ₹47.6 crore, showing a slight decrease of ₹0.14 crore from the previous quarter, reflecting ongoing confidence in the company’s future growth.
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Stock performance of Zaggle Prepaid Ocean Services for Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services stock gained 3.91% over the past week, reflecting short-term positive momentum. Over six months, it saw a modest rise of 1.35%, indicating stability. In the past year, the stock delivered a 4.53% return, showcasing steady but gradual growth in the fintech sector.
Shareholding pattern of Zaggle Prepaid Ocean Services:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoter | 40.09 | 43.88 | 43.93 |
| FII | 9.17 | 6.14 | 5.95 |
| DII | 14.56 | 10.69 | 7.34 |
| Retail & others | 36.17 | 39.27 | 42.78 |
About Zaggle Prepaid Ocean Services :
Zaggle Prepaid Ocean Services Ltd (NSE: ZAGGLE) specializes in providing innovative digital payment solutions, including co-branded prepaid cards and visitor management systems. The company focuses on enhancing customer experiences for large-scale entities, offering tailored services to improve operational efficiency and streamline payment processes.
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.
