Announced Wed, 1 Jul · 13:25 IST
Zaggle signs 5-year fleet card partnership with HPCL
Strategic Transactions View source PDF
ZAGGLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹207.50
prior close
₹207.79
base price
In-mkt
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+1.2+1.8+1.2+1.3+2.0+2.5+1.0-1.1-2.5+0.6-2.0———
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AI summary
Zaggle has signed a 5-year agreement with HPCL for its Drive Track Plus fleet card programme. Zaggle's corporate, fleet and retail customers will earn loyalty reward points on fuel purchases at HPCL outlets, with the points funded by HPCL. Deal value is proportional to user numbers onboarded and fuel spends, so exact size is not disclosed. This is a domestic agreement with no related-party or promoter interest.
Likely market impact
Positive sentiment as Zaggle gains access to HPCL's large fuel customer base, potentially boosting user growth and revenue.