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Zaggle Prepaid Ocean Services is currently trading at Rs. 450.00, up by 18.10 points or 4.19% from its previous closing of Rs. 431.90 on the BSE.

The scrip opened at Rs. 436.80 and has touched a high and low of Rs. 451.00 and Rs. 436.00 respectively. So far 12336 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 493.00 on 17-Sep-2024 and a 52 week low of Rs. 170.00 on 27-Sep-2023.

Last one week high and low of the scrip stood at Rs. 461.80 and Rs. 430.00 respectively. The current market cap of the company is Rs. 5295.39 crore.

The promoters holding in the company stood at 43.93%, while Institutions and Non-Institutions held 11.39% and 44.68% respectively.

Zaggle Prepaid Ocean Services has received approval for the acquisition of 10,66,314 Equity Shares of face value of Rs 10 each at a price of Rs 300.80 per share (including a premium of Rs 290.80 per share) constituting 98.32% stake in Span Across IT Solutions (Span Across) consequent to which Span Across will become a subsidiary of the company, following the completion of the procedural requirements. 

The proposed acquisition gives opportunity to enter new segment of employee related business. Span Across will became a subsidiary company with 98.32% stake and this will help in achieving inorganic growth which will benefit all the stakeholders associated with the company including shareholders at large. The meeting of the Board of Directors of the company held on September 25, 2024, has, inter alia, approved the same. 

Zaggle Prepaid Ocean Services operates in a segment where it interacts and interface with its 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.