Zaggle Prepaid Ocean Services Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ZAGGLE · price
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On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.1 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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Zaggle has entered into a 3-year agreement with White Oak Investment Management Private Limited to provide its Zaggle Save (employee expense management and benefits) and Zaggle Zoyer solutions. The contract is domestic in nature and is not a related party transaction. The financial size of the deal has not been disclosed in the filing. This is part of Zaggle's ongoing business of providing prepaid and expense management solutions to corporate clients.
Adds a new domestic client to Zaggle's portfolio with a multi-year engagement, which could support revenue visibility over the next three years. However, the absence of disclosed contract value limits the ability to gauge its financial impact on the company.