Zaggle Prepaid Ocean Services gains on entering into agreement with Yokohama India
Zaggle Prepaid Ocean Services is currently trading at Rs. 287.50, up by 2.45 points or 0.86% from its previous closing of Rs. 285.05 on the BSE.
The scrip opened at Rs. 289.30 and has touched a high and low of Rs. 292.95 and Rs. 287.50 respectively. So far 21306 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 391.65 on 04-Mar-2024 and a 52 week low of Rs. 155.60 on 22-Sep-2023.
Last one week high and low of the scrip stood at Rs. 298.90 and Rs. 283.15 respectively. The current market cap of the company is Rs. 3536.07 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 19.59% and 36.34% respectively.
Zaggle Prepaid Ocean Services has entered into an agreement with Yokohama India. Zaggle would provide Yokohama India the Zaggle Save (Employee expense management & benefits).
Earlier, the company had received approval for the acquisition of 9,00,000 Equity Shares of face value of Rs 10 each at a price of Rs 275 per share (including a premium of Rs 265 per share) constituting 45% stake in Span Across IT Solutions (Span Across) Consequent to which Span Across will become an associate of the Company.
Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with it Customers (i.e., businesses) and end Users (i.e., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services.
