Introduction:
Leading provider of prepaid services has entered into a significant agreement with Khrone Marshal Pvt Ltd. Under the agreement, the company will supply its innovative Propel reward platform for a one-year term, marking a new strategic partnership.
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Share price movement of Zaggle Prepaid:
On February 17, 2025, Zaggle Prepaid Ocean Services Ltd opened at ₹342.75, down 1.22% from its previous close of ₹347.05. The stock reached a high of ₹351.60 ( up 1.30%) and a low of ₹329.70. By 3:27 PM, it traded at ₹347.00 with a market cap of ₹4,656.92 crore.
Zaggle Enters Agreement with Khrone Marshal:
Zaggle Prepaid Ocean Services Limited has announced entering into a domestic agreement with Khrone Marshal Pvt Ltd. The agreement focuses on providing the Zaggle Propel reward platform for a one-year duration. This partnership highlights Zaggle’s expanding service offerings in the rewards sector.
As per the agreement, Zaggle will offer its Propel service to Khrone Marshal Pvt Ltd, marking a strategic move in the business’s growth. The terms specify the platform’s utilization for the specified time period of one year, with an emphasis on delivering high-value rewards solutions.
This deal does not involve any related party transactions, as confirmed by the company. The agreement’s execution timeline spans one year, reflecting both parties’ commitment to a mutually beneficial partnership without any direct influence from Zaggle’s promoters.
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Recent news on Zaggle Prepaid:
As of January 02, 2025, Zaggle Prepaid Ocean Services Ltd, a B2B SaaS fintech, is planning strategic acquisitions following a ₹595 crore fundraise. Recently, the company acquired 98% of Span Across IT Solutions and 26% of Mobileware Technologies.
Ace investor holding in Zaggle Prepaid:
Ashish Kacholia
Ashish Kacholia holds a 2.16% stake in Zaggle Prepaid Ocean Services Ltd, owning 2,903,356 shares valued at ₹100.7 crore. His investment reflects confidence in the company’s growth potential in the prepaid services sector.
Ajay Kumar Aggarwal
Ajay Kumar Aggarwal holds a 1.01% stake in Zaggle Prepaid Ocean Services Ltd, with 1,349,615 shares valued at ₹46.7 crore. His investment highlights confidence in the company’s potential in the prepaid services sector.
Stock performance of Zaggle Prepaid for Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services Ltd has seen a decline of 18.1% over the past week and 3.21% over the last six months. However, the company has shown strong growth with a 36.6% increase over the past year.
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Shareholding pattern of Zaggle Prepaid:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 40.10% | 43.90% | 43.90% |
| FII | 9.20% | 6.10% | 6.00% |
| DII | 14.60% | 10.70% | 7.30% |
| Public | 36.20% | 39.30% | 42.80% |
About Zaggle Prepaid:
Zaggle Prepaid Ocean Services Ltd (NSE: ZAGGLE) develops innovative financial solutions to manage business expenses for corporates, SMEs, and startups. The company focuses on automating workflows and delivering world-class products to optimize financial management.
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.
