Announced Fri, 19 Jun · 17:52 IST
Zaggle partners with Punjab National Bank for co-branded credit card
ZAGGLE · price
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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹213.60
prior close
₹216.05
base price
After-mkt
timing
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+1.1+0.6+0.7+0.4-2.1-1.7-3.8-6.7-2.9-1.0-0.3-4.8——
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AI summary
Zaggle has signed a 5-year agreement with Punjab National Bank to act as cobranding partner for a co-branded retail credit card product. Zaggle will leverage its existing corporate base to drive acquisition, marketing and promotion of the card. Deal is with a domestic entity, no promoter interest in PNB, and not a related party transaction.
Likely market impact
Strengthens Zaggle's fintech position with a major public sector bank tie-up, potentially boosting card-related revenue over 5 years.