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Zaggle Prepaid Ocean Services Limited ( (IN:ZAGGLE) ) has provided an update.
Zaggle Prepaid Ocean Services Limited announced the outcome of its Board Meeting held on October 3, 2025, where it approved the issuance of up to 10,58,201 warrants at a price of Rs. 567 each. This move is aimed at raising approximately Rs. 59.99 crore and involves converting each warrant into one fully paid-up equity share. The issuance is targeted at both the Promoter Group and Non-Promoter on a preferential basis, pending necessary approvals. The company has scheduled an Extra-Ordinary General Meeting on October 31, 2025, to seek member approval for this capital-raising initiative, which could significantly impact its financial strategy and market positioning.
More about Zaggle Prepaid Ocean Services Limited
Zaggle Prepaid Ocean Services Limited operates in the financial services industry, focusing on prepaid solutions and services. The company provides a range of financial products and services, including prepaid cards and related solutions, catering to both corporate and individual clients.
Average Trading Volume: 72,546
Technical Sentiment Signal: Sell
Current Market Cap: 45.72B INR
Find detailed analytics on ZAGGLE stock on TipRanks’ Stock Analysis page.