Zaggle allots 10.58 lakh convertible warrants at Rs 567 to promoter group and Bennett Coleman

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.0%Reaction day

₹348.80

prior close

₹358.40

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.6%+3.6% vs market

IT Enabled Services peers, median of 73sector-0.0%+3.1% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 73Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Zaggle Prepaid has allotted 10,58,201 convertible warrants at Rs 567 each on preferential basis, with total potential issue value of about Rs 60 crore. 25 percent upfront (around Rs 15 crore) has been received. Allottees are RAN Ventures Private Limited (promoter group, 3,52,734 warrants) and Bennett Coleman and Company Limited, parent of the Times Group (non-promoter, 7,05,467 warrants). Allotees must pay the remaining 75 percent within 18 months to convert warrants into equity shares. Paid-up share capital stays unchanged until conversion happens.

Likely market impact

Bennett Coleman, parent of Times Group, taking a sizeable stake signals strong institutional confidence. Warrants mean potential dilution later, but fresh capital inflow supports growth. Watch price action.